Examlex
Match each term with its definition.
-Type of question that demands more than a yes or no answer
Fixed Expenses
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Net Income
The sum of a company's income once all costs and taxes are subtracted from its total revenue.
Variable Expenses
Costs that vary in direct proportion to changes in the level of activity or volume of goods produced.
Fixed Expenses
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability in financial planning.
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