Examlex
Which of these statements about the field of organizational behaviour is TRUE?
Month
A unit of time, approximately 30 days, used as a standard measurement for billing cycles, budgeting, and financial forecasting.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor costs.
Net Income
The total profit of a company after subtracting all expenses from revenues.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
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