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Describe the characteristics of the Conflict view versus the Consensus view.How is this debate relevant for criminal justice administrators?
Fixed Expenses
Costs that do not change with the level of production or sales activity, such as rent, salaries, and insurance.
Contribution Margin
The portion of sales income available to cover fixed expenses and contribute to net profit, after covering all variable expenses.
Financial Advantage
The benefit gained in financial terms, which might include profitability, revenue growth, or value creation, compared to a baseline or competitors.
Fixed Manufacturing Expenses
These are the expenses that remain constant regardless of the amount of goods produced, including rent for factory buildings or lease payments for manufacturing equipment.
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