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Technician A says when the SIR warning light is illuminated all the time, there is a fault code stored in the SIR control module. Technician B says if the warning light is on, the air bag system is turned off and the air bag will not deploy in an accident. Who is correct?
Variable Costs
Expenses that change in proportion to the production output or sales of a company, such as raw materials and direct labor costs.
Fixed Costs
Costs that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance premiums.
Initial Investment
The sum of money allocated to initiate a project, acquire an asset, or invest in a business operation.
Net Present Value (NPV)
A financial metric used to evaluate the feasibility of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.
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