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In the case of dial-up networking, the term ____ refers to a modem.
Fixed Costs
Expenses that do not change in total irrespective of the volume of goods or services produced by a company.
Break Even
The point at which total revenues equal total expenses, with no net loss or profit.
Variable Costs
Expenses that are directly tied to the rate of goods produced or services sold, such as the cost of materials and labor involved.
Fixed Costs
Costs that remain constant for a business over a period, regardless of the level of goods or services produced.
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