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Screening bad apples out before hiring is an effective way to curb employees' unethical conduct.
Variable Costs
Costs that vary directly with the level of production or a company's output, such as materials and labor.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Marginal Costs
The increase in total cost that arises from producing one additional unit of a good or service.
Output
The amount of goods or services produced by a company, industry, or economy within a certain period.
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