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Why did publishing houses develop? What has happened to them today?
Operating Assets
Resources employed in a business's regular activities for income generation, such as money, stock, and machinery.
Static Budget
A fixed budget that does not change or adjust over the budget period, irrespective of changes in actual activity levels.
Manufacturing Costs
All expenses directly involved in the production of a product, including raw materials, labor, and factory overhead.
Administrative Expenses
Overhead or operational expenses not directly tied to the production of goods or services, such as salaries of office staff and utilities.
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