Examlex
Which of the following is NOT a reasonable means of reducing the power of the public bureaucracy?
Variable Costs
Costs that vary directly with the level of production or output.
Fixed Costs
Fixed expenses that are unaffected by the amount of goods produced or sold, for example, rent, salaries, and insurance payments.
Profit
Profit is the financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Operating Income
Income generated from a company's regular business operations, excluding one-time events and expenses.
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