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If an Θ(n2)algorithm and an Θ(n)algorithm exist for the same task, then for large enough n, the Θ(n2)algorithm does more work and takes longer to execute, regardless of the constant factors for peripheral work.
Factory Overhead
Refers to all the indirect manufacturing costs, such as utilities and rent for the production facilities, which are not directly tied to individual products.
Total Product Cost
The full cost incurred to manufacture or acquire a product, including material, labor, and overhead expenses, up to the point of sale.
Materials Cost
The expense incurred for materials that are used in the production of goods or services.
Direct Labor Costs
Direct labor costs are the wages paid to employees who are directly involved in the production of goods or services.
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