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Briefly describe the three basic tenets of career counseling from a social cognitive framework and for each, give an example.
Margin of Safety
The difference between actual or expected sales and the sales level at the break-even point, indicating the amount by which sales can drop before the company incurs a loss.
Unit Variable Expenses
Costs that vary directly with the volume of production or sales per unit.
Fixed Expenses
Costs that do not change with the level of production or sales volume, such as rent and salaries.
Variable Expenses
Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.
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