Examlex
The vermiform appendix is lymphatic tissue that hangs from the lower portion of the cecum.
Variable Cost
Costs that vary in total in direct proportion to changes in the level of activity or production volume.
Differentiates
Distinguishes or separates entities or products by characteristics, qualities, or features, making them distinctive or unique in the market.
Opportunity Cost
The price paid for missing out on the alternative that ranks second best when deciding.
Excess Capacity
Refers to a situation where a company has more production ability than is necessary for the current level of demand.
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