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From an ABC perspective,what causes costs to be incurred?
Nonlabor Income
Income received that is not earned from direct labor or employment, such as dividends, interest, or rental income.
Wage Rate
The amount of money paid to employees for their work or services, often expressed per hour or year.
Labor
The human labor, involving both physical and intellectual activities, utilized in the creation of products and services.
Leisure
Free time when one is not working or occupied; time available for ease, relaxation, and activities one enjoys.
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