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What type of observation method is used when human observation may be less accurate,too costly,or faulty?
Variable Cost Per Unit
The cost associated with producing one additional unit of product, which varies with the level of production.
Unit Selling Price
The amount of money charged for a single unit of a product or service.
Annual Fixed Costs
The total fixed costs incurred by a business within a year, inclusive of expenses that do not fluctuate with production or sales volume.
Average Operating Assets
An efficiency metric calculated by averaging the value of a company's operational assets over a period, often used in rate of return calculations.
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