Examlex
Select the most appropriate choice for each person.
-Aristotle
Yearly Return
The total gain or loss on an investment over a one-year period, expressed as a percentage of the investment's initial value.
Variable Costs
Expenditures that adjust in relation to the level of production.
Fixed Costs
Costs that do not vary with the level of output produced by a firm, such as rent, salaries, and insurance premiums.
Profit
The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes.
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