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What government program educates the public about how to prepare for a national emergency?
Pretax Income
The amount of income earned by a business before the deduction of taxes; it is found by subtracting all expenses, except tax expenses, from revenues.
Variable Cost
Variable cost refers to expenses that vary directly with the level of production output or sales volume, such as materials and labor.
Fixed Cost
Costs that do not change with the level of output produced, such as rent, salaries, and insurance.
Composite Units
A measure used in cost accounting for aggregating the cost of similar items or processes into a single figure.
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