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Who is credited with first observing microorganisms?
Fixed Costs
Expenses that do not change with the level of production or business activity.
Variable Costs
Expenses that change in proportion to the production output or sales.
Operating Leverage
The degree to which a company can increase its profits by increasing sales, highlighting the proportion of fixed costs in a company’s cost structure.
Forecasting Risk
The uncertainty in predicting future values due to unforeseen events or inaccuracies in analysis, affecting strategic and operational decisions.
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