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A typical three-month old child would view a reflection of himself in the mirror as a very interesting stimulus, but would not recognize it to be a visual depiction of himself.
Accounting Break-even
The point at which total costs and total revenues are equal, meaning the business is not making a profit or loss.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and loan payments.
Cash Break-even
The point at which a company or project has enough cash flow to cover its operating expenses, without considering profits.
Accounting Basis
The method used to record the financial transactions of a business (e.g., cash basis, accrual basis).
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