Examlex
Consider the following four phrases and select the one that does not belong with the others.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Fixed Costs
Fixed costs are business expenses that do not change with the level of output or sales, such as rent or salaries.
Variable Costs
Costs that vary directly with the level of production or service activity within a business.
Net Income
The total amount of profit left over after all operating expenses, taxes, and interest have been deducted from total revenue.
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