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question 53

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Use the following to answer questions :
-Great Zimbabwe


Definitions:

Fixed Costs

Expenses that do not fluctuate with the level of goods or services produced by the business.

Net Income

The total earnings of a person or organization after subtracting all expenses and taxes.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a company.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

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