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Which one is NOT one of the properties of water?
Fixed Costs
Expenses that do not change with the level of production or sales, including rent, salaries, and insurance, providing contrast to variable costs.
Operating Income
Earnings before interest and taxes (EBIT), calculated as gross income minus operating expenses, excluding non-operating income and expenses.
Variable Product Cost
Costs that vary directly with the level of production, such as materials and labor.
Total Fixed Overhead
The sum of all costs that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.
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