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State the fundamental postulate of personal construct theory.List and briefly describe the 11 corollaries of the personal construct theory which help in anticipating life events.
Direct Materials
Raw materials that can be directly attributed to the production of specific goods or services.
Net Operating Income
The total profit of a business after operating expenses are subtracted from gross profit but before deducting interest and taxes.
Contribution Margin
The amount of revenue remaining after deducting variable costs, which can be used to cover fixed costs and contribute to profit.
Fixed Costs
Costs that do not change with the level of production output, such as rent, salaries, and insurance.
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