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Discuss the benefits and limitations of projective tests.
Contribution Margin
The amount remaining from sales revenue after variable costs have been subtracted, used to cover fixed costs and to generate profit.
Production Capacity
The maximum amount of goods or services that can be produced in a given time period with available resources.
Materials Markup
An amount added to the cost of materials to cover overhead and profit in the pricing of products.
Time and Materials Pricing
A billing method where customers are charged based on the actual time spent on a project and the cost of materials used.
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