Examlex
What do all languages have in common?
Fixed Costs
Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.
Break-Even Point
The point at which total costs and total revenues are equal, resulting in no net loss or gain.
Monthly Profit
The total revenue of a business minus the total expenses for the month, indicating the financial gain.
Variable Cost
Costs that change in proportion to the level of production or business activity, such as materials and labor.
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