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Which of the Following Is Not One of the Techniques

question 71

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Which of the following is not one of the techniques used in web mining?

Understand the role of direct and indirect costs in production.
Explore the financial and managerial accounting principles.
Understand the components and preparation of the statement of cost of goods manufactured.
Analyze the effects of inventory changes on cost of goods sold and net income.

Definitions:

Total Cost

The entirety of expenses incurred during the production process of goods or services, which includes both fixed and variable costs.

Total Variable Cost

The sum of all variable costs (costs that change with the level of output) involved in producing a particular quantity of output.

Average Variable Costs

The total variable costs (costs that change with the level of output) of production divided by the quantity of output produced.

Best Combination

The optimal mix of goods or strategies that maximizes satisfaction or utility given constraints like budget or resources.

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