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According to the advocates of ethical relativism,
Step-Variable Costs
Costs that remain fixed for certain levels of production or capacity but can change in steps when a critical level is surpassed.
Fixed Costs
Expenses that remain constant for a given period of time regardless of the level of outputs or activity.
Step-Fixed Costs
Costs that remain constant for a certain level of activity but jump to a higher level when activity increases beyond that threshold.
Production Line
A production line is an arrangement of machines and workers in a factory where a succession of operations is performed on a product to complete its manufacture.
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