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Match the Term with the Appropriate Phrase

question 23

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-multi-beam sonar


Definitions:

Absorption Costing

A costing technique that incorporates all costs associated with production, including both fixed and variable expenses, into the product's price.

Income Increase

A rise in the amount of money earned from various sources, including work, investments, or business operations.

Variable Costing

A costing method that includes only variable costs—costs that change with production levels—in the calculation of product costs.

Net Income

The total profit of a company after subtracting all expenses from total revenues, reflecting the company's financial performance over a given period.

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