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Newton's 1ˢᵗ Law of Motion states that
Total Fixed Costs
The combined sum of all costs that do not change with the level of production or sales over a short period.
Master Budget
The total of all individual budgets within an organization, projecting all major financial activities over a period.
Flexible Budget
An adaptable budget configured to change with differing levels of activity or volume.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.
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