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Is the following a physical causal explanation or behavioral causal explanation? "Her arm developed a rash because she's allergic to the bracelet she was wearing."
Standard Costs
Predetermined or estimated costs used to measure the performance of a company based on the efficient use of labor and materials.
Actual Costs
The realized expenses incurred in the production of goods or services, as distinguished from estimated costs or budgeted amounts.
Principle of Exceptions
A management principle focusing on the identification and handling of cases that deviate from the norm.
Labor Rates
The amount paid to workers for their services, usually expressed on an hourly basis.
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