Examlex
The term "manual labor" reflects a _____ bias.
Contribution Margin
The amount by which sales revenue exceeds variable costs; it contributes to covering fixed costs and generating profit.
Variable Categories
Classes or groups of variables in statistics or data analysis that can take on different values and are used to categorize or differentiate data points.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating the amount available to cover fixed costs and generate profit.
Gross Margin
The difference between sales revenue and the cost of goods sold, which represents the profitability of selling goods.
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