Examlex
The IQ (intelligence quotient)of a person is found by dividing his or her mental age by his or her chronological age and then multiplying that result by 100.For example,a person with a a mental age of 11 and a chronological age of 10 has an IQ of
∙ 100 = 110.Find the mental age of a person with a chronological age of 12 and an IQ of 125.
Sunk Cost
Costs that have already been incurred and cannot be recovered or reversed.
Model 240 Machine
A hypothetical or specific name for a machine, possibly denoting a particular model or type used in manufacturing or industrial settings.
Contribution Margin
The amount of revenue remaining after deducting variable costs, available to cover fixed costs and contribute to profits.
Selling Price
The selling price of a product or service to buyers.
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