Examlex
The major advantage of a virtual organization is its ________.
Fixed Costs
Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance.
Break-even Point
The point at which total costs and total revenues are equal, resulting in no net loss or gain.
Property Taxes
Taxes paid by property owners to local governments based on the assessed value of their property.
Unit Variable Costs
The costs that vary directly with the volume of production, such as materials and labor.
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