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Later research supported the behavioral theory assumption that happy employees would be productive.
Cost-Volume-Profit Graph
A visual representation that shows how changes in cost, volume, and profit affect a business.
Net Income
The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.
Variable Costs
Costs that change in proportion to the level of activity or volume of production in a business.
Fixed Costs
Expenses that do not change with the level of goods or services produced by a company, such as rent or salaries.
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