Examlex
When a computer system's files are automatically duplicated on a second data storage system as they are changed,the process is referred to as
Fixed Costs
Costs that do not change with the level of output produced, such as rent, salaries, and loan payments.
Variable Costs
are costs that vary in proportion to the level of production or sales volume, such as raw materials and direct labor costs.
Output
Output usually refers to the total amount of goods and services produced by a company, industry, or economy within a specific period.
Total Revenue
The full amount of income generated by the sale of goods or services by a company before any costs or expenses are subtracted.
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