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When a member internalizes the beliefs and values of the firm,the corresponding behavior is:
Joint Products
Products that are generated together from the same raw materials or production process, where the costs are difficult to allocate to each product individually.
Split-off Point
marks the stage in a production process where multiple products are generated from common inputs, necessitating allocation of costs among the products.
Avoidable Cost
A cost that can be eliminated (in whole or in part) by choosing one alternative over another in a decision. This term is synonymous with relevant cost and differential cost.
Fixed Costs
Expenses that do not change with the level of production or sales activity, such as rent or salaries.
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