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What type of system is often referred to as a predictive system because it sees patterns in vast amounts of information?
Variable Costs
Expenses that change in direct proportion to the amount of production or the volume of sales.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance expenses.
Fixed Costs
Costs that remain constant regardless of the amount of goods produced or sold, including charges like lease payments, wage bills, and insurance fees.
Net Income
The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.
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