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User participation should be promoted throughout the development process to make sure that the final system will be accepted and used.
Fixed Costs
Expenses that don't change in total over a period, regardless of the level of output or sales.
Operating Income
The income generated from the core operations of a business, excluding costs and expenses like taxes and interest payments.
Direct Materials Price Variance
Direct materials price variance refers to the difference between the actual cost of materials used in production and the standard cost expected for those materials.
Data Collected
Information gathered from various sources used for analysis, decision-making, or reporting in a wide array of contexts.
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