In 1995 the Internet Engineering Task Force Issued a Specification

question 13

Short Answer

In 1995 the Internet Engineering Task Force issued a specification for a next-generation IP; this specification was turned into a standard in 1996 known as _________.

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Definitions:

Direct Expenses

Direct expenses are costs that can be directly traced to a specific cost object, such as a product, department, or project.

Departmental Contribution Margin

The difference between sales revenue and variable costs for a specific department, indicating its contribution to the overall profit.

Contribution Margin

The amount remaining from sales revenue after variable costs are subtracted, indicating how much contributes towards covering fixed costs and generating profit.

Indirect Expenses

Costs that are not directly attributable to the production of goods or services, such as utilities, rent, and administrative expenses.