Examlex
A computer language translation program is an example of system software.
Fixed Cost
Expenses that do not vary with the level of output or sales, such as rent, salaries, or insurance premiums.
Variable Cost
Expenses that vary in proportion to the volume of goods or services produced in a business.
Opportunity Cost
The forfeiture of potential benefits from other options by selecting a specific one.
Fixed Costs
Business expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.
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