Examlex
Match the following terms with the best definition given.
Net Income
The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.
Variable Costs
Expenses that vary directly with the level of production or service delivery.
Fixed Costs
Fixed outgoings, including rent, salaries, and insurance, that are unaffected by production or sales volumes.
Net Income
The total earnings or profit of an individual or business after deducting expenses and taxes.
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