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Principles of the positivist theory include all of the following EXCEPT:
Fixed Manufacturing Costs
Costs that do not vary with the level of production output, such as rent, salaries, and insurance.
Net Income
The amount by which revenues exceed expenses.
Incremental Analysis
The process of identifying the financial data that change under alternative courses of action, often used in decision-making situations where costs and benefits need to be evaluated.
Costs and Revenues
The expenses incurred and the income earned by a business during a specific period, influencing profitability.
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