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If yearly insurance premiums are increased,this change in fixed costs will result in a decrease in the break-even point.
Illegal Act
An action that violates laws, regulations, or statutes, resulting in criminal or civil legal consequences.
Notify SEC
The act of informing the Securities and Exchange Commission about relevant or required information.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, presenting the results of its operations and the state of its assets and liabilities in an organized manner.
Ethical Obligation
A moral duty or commitment to act in a certain way based on ethical principles, regardless of personal interests.
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