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The ANC was started in 1912.
Variable Cost
Variable Cost refers to expenses that change directly and proportionally with the level of production or sales activity, such as raw materials and direct labor costs.
Fixed Costs
Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and premiums.
Operating Income
Operating Income, also known as operating profit, reflects the amount of profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.
Financial Risk
The possibility of losing money on an investment or business venture.
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