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Which of the following statements is NOT true about an ombudsman system?
Fixed Overhead
Expenses that do not vary with production volume, including rent, salaries, and insurance.
Property, Plant, and Equipment
Long-term assets used in the operations of a business, not intended for sale.
Insurance
A financial product that provides protection against financial losses from specific risks, such as accidents, theft, or natural disasters.
Depreciation
A method to allocate the cost of a tangible asset over its useful life.
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