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In a negatively skewed distribution,the mean is always greater than the median.
Fixed Costs
Costs that remain constant regardless of the amount of output or the level of business operations, including expenses like rent, wages, and insurance fees.
Rent Expense
The cost incurred from renting property or equipment for business or personal use, recognized as an expense on the income statement.
Margin of Safety
The difference between actual sales and the break-even point, used as a buffer against unpredictability in business performance.
Break-Even Point
The point at which total costs equal total revenue, meaning a business neither makes a profit nor incurs a loss.
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