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(p18) Seniority based,incentive and merit guidelines are components of the ____________ policy.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and hourly labor.
Proposed Project
A plan or proposal for a course of action, especially in a business or scientific context.
Fixed Costs
Costs that do not fluctuate with changes in production volume or sales, such as rent, salaries, and insurance.
Production
The process of creating, manufacturing, or enhancing products for sale.
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