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Evaluate the human relations theories in terms of their function as philosophy,science,and art.
Time and Materials Pricing
A pricing method where the customer is charged for the direct labor hours at a specific rate and the cost of materials used.
Total Price
Refers to the complete amount of money required to purchase a product or service, including all associated fees and taxes.
Materials Markup
The amount added to the cost price of materials to cover overhead and profit when pricing a product or service.
Direct Labor Rate
The wage rate paid to employees directly involved in manufacturing goods or providing services, expressed per hour or per unit of output.
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