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Which of the following is the term used to refer to both the People's Republic of China (PRC) and the Republic of China (ROC) or Taiwan?
Variable Expenses
Costs that vary in direct proportion to changes in the level of activity or production volume.
Fixed Expenses
Costs that do not change in total over a wide range of activity levels or over a short period, such as rent or salaries.
Net Income
The total earnings of a company, subtracting total expenses from total revenue.
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