Examlex
NORMATIVE DEVELOPMENT is to IDEOGRAPHIC DEVELOPMENT as ____ is to ____.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Variable Costs
Expenses that change in proportion to the activity or production level of a business.
Output
The total amount of goods or services produced by a company or economy in a given period.
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