Examlex
What do animals as diverse as corals and monkeys have in common?
Variable Costs
Costs that change in proportion to the level of activity or volume of goods produced, including materials, labor, and energy costs.
Fixed Costs
Expenses that do not change with the volume of production or sales, such as rent and salaries.
Net Income
The amount of profit remaining after all operating expenses, taxes, and interest have been deducted from total revenue.
Variable Cost
Charges that directly correlate with the amount of goods produced or the level of output.
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