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Which of the following is a major assumption of science?
Net Income
The amount of profit that remains after all operating expenses, taxes, and costs have been subtracted from total revenue, essentially the bottom line.
Break-Even Point
The point at which total costs and total revenue are equal, resulting in neither profit nor loss.
Fixed Costs
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.
Variable Cost
A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.
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