Examlex
Open-ended questions should not depend on the interviewee's interpretation of the question.
Operating Loss
A financial situation where a business's operating expenses exceed its revenues.
Variable Cost
Expenses that change in proportion with the production activity of a business.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, or insurance.
Operating Income
Operating income is the profit realized from a business's core operations, excluding deductions of interest and taxes.
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