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What Is a Firewall and How Do They Work? What

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What is a firewall and how do they work? What are two types of firewalls?


Definitions:

Net Operating Income

A measure of a company's profitability calculated as its total revenue minus operating expenses, excluding taxes and interest.

Relevant Costs

Costs that should be considered in decision-making because they vary depending on the choices available.

Breaking Even

Refers to the point at which total revenues equal total costs or expenses, resulting in no profit or loss for a business.

Selling Price

The amount for which a product is sold to the customer, determining the revenue generated from sales.

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