Examlex
Match each definition with the correct term.
-claustrophobia
Reconciled
The process of making sure that two sets of records (usually the balances of two accounts) are in agreement.
Step-fixed Costs
Costs that remain fixed over a range of activity, but jump to a higher level of expense at certain points when activity levels require it.
Variable Cost
Costs that vary directly with the level of production output or business activity, such as materials and labor directly involved in producing a product.
Inflationary Price Increase
A rise in prices across an economy, often due to an increase in the money supply or demand outstripping supply, reducing the purchasing power of money.
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