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The Formal Recognition of a Person as a Professional with Technical

question 12

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The formal recognition of a person as a professional with technical competence or of an agency that has met minimum standards of a performance is called:


Definitions:

Net Operating Income

The earnings generated from the primary activities of a business, before subtracting interest and tax expenses.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.

Unit Sales

The quantity of product sold by a company in a given period.

Unit Contribution Margin

Unit Contribution Margin is the difference between the selling price of a unit and the variable cost associated with making that unit, indicating how much each unit contributes to covering fixed costs and generating profit.

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