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Normative statements
i. describe how the world is.
ii. describe how the world ought to be.
iii. depend on people's values and cannot be tested.
Break-even Point
The point at which total cost and total revenue are equal, meaning the business is neither making a profit nor a loss.
Sugar Mills
Facilities dedicated to processing sugarcane or sugar beets into raw sugar and sometimes molasses and other byproducts.
Design Capacity
The maximum output that can possibly be attained under ideal conditions, with a given product design and manufacturing process.
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