Examlex
Big data refers to large amounts of near-real-time data collected through a variety of sources such as sensors and smart phones, among others.
Variable Costs
Costs that change in proportion to the level of production or business activity.
Full Costs
This refers to the comprehensive total amount that includes all relevant costs of production, including direct, indirect, fixed, and variable costs.
Cost of Goods Sold
The historical cost of products sold as reported in the income statement.
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