Define the Following Direct Cost, Indirect Cost, Variable Cost, Fixed Cost

question 5

Short Answer

Define the following
Direct cost, indirect cost, variable cost, fixed cost,

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Definitions:

Benefit

An advantage, profit, or gain received from something.

Second Job

Employment taken in addition to one's primary job, often to earn extra income or gain additional experience.

Full Time

Employment status where an individual works a minimum number of hours as defined by the employer, typically considered to be around 35 to 40 hours per week.

Business Profits

The financial surplus generated by a business from its operations after subtracting expenses from revenues.