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Which of the following individuals could be a member of the Audit Committee?
Return on Investment
A financial ratio used to calculate the profitability of an investment, representing the percentage return on the invested amount.
Markup
The difference between the cost of a product or service and its selling price, expressed as a percentage over the cost.
Absorption Costing
A calculation technique in which the cost of a product is determined by including all costs associated with manufacturing, including direct materials, direct labor, as well as variable and fixed overhead costs.
Cost-plus Pricing
A pricing strategy where a fixed percentage is added to the total cost of producing a product to determine its selling price.
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