The Work of Every Researcher Is Both Theoretical and Applied

question 45

True/False

The work of every researcher is both theoretical and applied. Theory is to be found in literature, i.e. in books, journal articles, in theses, in government reports and papers, in the published works of company's and NGO's, and in the reports of conference proceedings. The applied aspect of the research task is in the actual work involved in carrying out research.

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Definitions:

Direct Materials Cost

The expense associated with raw materials directly incorporated into a finished product.

Break-even Point

Break-even Point is the financial analysis term that indicates when total costs and total revenues are exactly equal, resulting in neither profit nor loss.

Mixed Costs

Costs with both variable and fixed characteristics, sometimes called semivariable or semi-fixed costs.

Variable Components

Parts of a cost or expense that change in proportion with changes in the level of business activity or production volume.