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What are gender roles? Provide an example of how they have changed over time in the United States.
Variable Cost
A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.
Fixed Cost
A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis, it varies inversely with the level of activity.
Planning Budget
A financial plan for a future period, outlining an organization's revenue and expenditures.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
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