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What was the absorption costing net operating income this year?
Nonsystematic Variance
The portion of a security's variance that is unique to the specific security and can be mitigated through diversification.
Market Index
An aggregate value produced by combining several stocks or other investment vehicles together and expressing their total values against a base value from a specific date.
Active Portfolio
An active portfolio refers to a collection of investments that are managed and regularly adjusted by portfolio managers in an attempt to outperform the market.
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