Examlex
Which of the following is the science and practice of health protection and maintenance at a community level?
Variable Cost
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent or salaries.
Break-Even Point
The financial point at which total costs equal total revenue, meaning there is no profit or loss.
JIT Inventory
Just-In-Time inventory is a management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce storage costs.
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