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The requirements of the IRCA state that an employer:
Relevant
Relates to or directly impacts the subject under discussion.
Fixed Costs
Expenses that do not change with the level of production or sales over a short period, such as rent, insurance, and salaries.
Sunk Costs
Costs that have already been incurred and cannot be recovered.
Avoidable Costs
Expenses that can be eliminated if a particular decision is made or if a particular activity is discontinued.
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