Examlex
The ongoing process that identifies and analyzes potential problems in an organization and takes steps to reduce those problems is risk assessment.
Quantity
The amount or number of a material or immaterial thing not usually estimated by spatial measurement.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the quantity of output produced.
Marginal Cost
The increase in expense from creating one more unit of a product or service.
Total Cost
The total cost of production, encompassing both variable and fixed expenses.
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