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An industrial boiler has a mean time between failures of 344 hours and mean time to repair of 8 hours.In this case,the availability is ______.
Absorption Costing
An accounting method where all manufacturing costs, including both variable and fixed, are absorbed by the products.
Cost-plus Pricing
A pricing strategy where a fixed percentage or specified amount is added to the production cost to determine the sell price of a product or service.
Return on Investment
A profitability metric calculated as the net gain from an investment relative to its initial cost, used to measure the efficiency or profitability of an investment.
Selling Price
The sum a purchaser spends to acquire a good or service from a vendor.
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