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Global warming began about 18,000 years ago and is a characteristic of the Holocene.
Margin of Safety
The difference between actual or projected sales and the break-even point, indicating the extent to which sales can drop before a business incurs a loss.
Variable Expenses
Costs that fluctuate in direct proportion to changes in the level of business activity or output.
Fixed Expenses
Outlays that stay the same no matter the amount of goods produced or sold, encompassing rent, payroll, and insurance costs.
Actual Sales
The total revenue a company generates from selling its goods or services, minus any returns or refunds.
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