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Discuss the difference between static and dynamic risk factors in regards to delinquency prevention programs. Please define both static and dynamic risk factors and provide examples of each. Why is this difference important to consider in designing effective intervention strategies?
Markup
The amount added to the cost of a product or service to arrive at a selling price.
Variable Cost Concept
An accounting principle that refers to costs that change in proportion to the level of activity or volume of production.
Rate of Return
The gain or loss of an investment over a specific period, expressed as a percentage of the investment's initial cost.
Production Bottleneck
A point in the manufacturing process where the flow of production is impeded, often leading to delays and reduced efficiency.
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