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Sociological studies show that prisons:
Flexible Budget
A budget designed to adapt to variations in activity or volume levels.
Total Fixed Cost
The sum of all costs that remain constant regardless of the level of production or sales activity within a certain period.
Activity Level
A measure of the volume of production or operations, often influencing costs and used to adjust budgets or forecasts in business.
Net Operating Income
The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).
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