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Instructions: Identify the terms and briefly state their historical significance..
Samarkand
Fixed Cost
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.
Variable Costs
Costs that move in parallel with the rate of goods or services output.
Sensitivity Analysis
The study of how the variation in the output of a model can be attributed to different variations in the inputs of the model, used to predict the impact of changes in economic variables.
Earnings Before Taxes
The income a company generates before taking into account the income tax expense.
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