Consider the following Huffman encoding tree: 
The letter K will be encoded as ____.
Definitions:
Cost Behavior
The manner in which a cost changes as the related activity level changes, categorized into fixed, variable, and mixed costs.
Opportunity Cost
The potential benefit that is given up when one alternative is selected over another.
Manufacturing Company
A business entity engaged in the transformation of raw materials into finished goods for sale by using labor, machines, and chemical or biological processing.
Contribution Margin
The amount by which sales revenue exceeds variable costs; it contributes to covering fixed costs and generating profit.
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