The Two Criterions That Must Be Met for Causality Are

question 15

True/False

The two criterions that must be met for causality are temporal sequence and concomitant variation.

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Definitions:

Production Process

A series of actions, operations, or methods employed in the manufacture or production of goods or services.

Machine Hours

The cumulative duration during which machines are utilized in the production process, often a factor in costing models.

Contribution Margin

The amount by which sales revenue exceeds variable costs, it's a key figure that helps in assessing the profitability of products or services.

Selling Price

The amount of money charged for a product or service, which can cover costs and provide profit for the seller.