When You Look into a Pool of Water,the Depth Looks

question 130

Short Answer

When you look into a pool of water,the depth looks less than it actually is because of __________.

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Definitions:

Variable Costs

Costs that change in direct proportion to changes in the level of production or sales volume.

Fixed Administration Costs

Ongoing expenses not directly tied to production or sales volume, such as salaries of executive staff and office rent.

Inpatient Days

The total number of days that patients spend admitted to a hospital or healthcare facility for treatment.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.