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Which one of the following is NOT a difference between the Arbitrage Pricing Theory (APT) and CAPM models?
PVC Fencing
A fencing material made from polyvinyl chloride, known for its durability, weather resistance, and low maintenance requirements.
Plantwide Overhead Rate
A unified rate employed across the entire manufacturing facility to allocate overhead expenses to products.
Machine Hours
A measure of the amount of time that machinery is operating and being used for production within a given period.
Direct Labor Hours
The number of labor hours spent by employees directly involved in the manufacturing process of a product.
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