Examlex
Directly observing an existing system in action by one or more members of the analysis team is called _____.
Cost Of Machines
The expenses involved in acquiring machinery for business operations, including purchase price, installation, maintenance, and operation costs.
Fixed Cost
Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.
Variable Cost
A variable cost changes in direct proportion to the level of production or activity in a business, such as materials and labor.
Marginal Cost
The additional expense incurred from generating one more unit of a product or service.
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