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Which of the following is not directly involved in scientific reasoning?
Fixed Costs
Expenses that do not change in total amount with changes in the level of business activity or production volumes, such as rent, salaries, and insurance.
Unit Variable Cost
The cost associated with producing one unit of output, including labor, materials, and overhead, that varies directly with the level of production.
Fixed Manufacturing Costs
Costs that do not vary with the level of production output, such as rent, salaries, and insurance.
Net Income
The amount by which revenues exceed expenses.
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