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A group of infants are identified as having low IQs, although it is admitted that infant IQ scores have low reliability. Five years later, most of these children have higher IQs than before. What is the most reasonable and most parsimonious conclusion?
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Variable Cost
Costs that vary in direct proportion to changes in a business's production volume or level of activity.
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The total cost associated with producing a single unit of product, including direct materials, direct labor, and overhead.
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