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The variables ____________________ within functions have global scope.
Break-Even Point
The point at which total costs and total revenue are equal, resulting in neither profit nor loss.
Fixed Costs
Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance.
Variable Cost
A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.
Fixed Costs
Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.
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