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Which of the following is a valid defense in a strict products liability case?
Fixed Expenses
Costs that do not vary with changes in production volume or sales, such as rent, salaries, and insurance.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the costs, expenses, and taxes needed to sustain the activity.
Contribution Margin Ratio
A financial metric that shows the percentage of sales revenue that remains after variable costs are subtracted.
Fixed Monthly Expenses
Recurring costs that do not vary in total within a given period, such as rent, salaries, and insurance premiums, irrespective of the level of business activity.
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