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Which of the following is NOT a factor that contributed to 15 countries in Latin America transitioning to democracies between 1978 and 1993?
Fixed Costs
Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.
Net Income
The company's net income following the deduction of all expenses and taxes from its total revenue.
Variable Costs
Expenses that fluctuate in proportion to the level of output or activity, such as raw materials and direct labor costs.
Fixed Costs
Expenditures that do not vary with the degree of output or sales, for instance, rental fees, wages, and insurance premiums.
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