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Describe two ways of measuring valve stem-to-guide clearance.
Contribution Margin
The difference between sales revenue and variable costs, representing the portion of sales revenue that exceeds variable costs.
Variable Expenses
refer to costs that change in proportion to the level of production or sales volume.
Return On Investment
A measure of the profitability of an investment, calculated by dividing the net profit from the investment by its cost.
Operating Expenses
The costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.
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