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What term refers to the use of humanistic, nonpunitive strategies to right wrongs and restore social harmony?
Unit Variable Costs
The variable costs that are incurred for each unit of production, including materials and labor directly associated with the manufacturing of the product.
Operating Income
The income a business receives after subtracting operating costs from its gross profit.
Fixed Costs
Costs that do not change with the level of production or sales activities, such as rent, salaries, and insurance premiums.
Variable Costs
Costs that change in proportion to the level of production or business activity.
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