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Which of the following statements is true if total fixed costs decreases while the sales price per unit and variable costs per unit remain constant?
Contingent Liabilities
Potential obligations that may occur depending on the outcome of a future event.
Environmental Protection Agency
A federal agency charged with protecting human health and the environment by writing and enforcing regulations based on laws passed by Congress.
Product Warranty
A promise or assurance given by a manufacturer or seller to a buyer that a product is free from defects and will perform as specified for a certain period of time.
Warranty Repairs
Repairs or replacements offered for free by the manufacturer or seller to correct defects covered under a warranty.
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