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What were Alfred Binet's contributions to the development of intelligence tests?
Standard Cost System
A cost accounting system that assigns fixed costs to products based on predefined standards, facilitating budgeting and variance analysis.
Net Operating Income
The profit a business makes after deducting operating costs, but before removing interest and tax expenses.
Cost of Goods Sold
The direct financial burdens of producing the commodities a company sells, involving materials and labor input.
Work in Process Inventories
Goods that are partially completed in the manufacturing process but not yet ready for sale.
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