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Indicate whether each of the following costs of productive output is usually variable (V) or fixed (F):
a. Machine operator's hourly wages
b. City operating license
c. Machine helper's wages
d. Wiring used in radios
e. Indirect materials
f. Property insurance
g. Gasoline for delivery truck
h. Real estate taxes
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A monetary value representing four hundred billion dollars, often mentioned in the context of budgets, market values, or economic policies.
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Subprime Mortgages are loans offered to individuals with poor credit histories, posing higher risks of default but charging higher interest rates for lenders.
Accounting Scandal
An accounting scandal involves the deliberate manipulation of financial statements to create a false or misleading appearance of a company’s financial health, often to deceive investors and regulators.
Parmalat
An Italian dairy and food corporation that became famous for a massive corporate fraud and bankruptcy scandal in 2003.
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