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Which of the following statements is false?
Lease Cost
The expense incurred from leasing assets, such as machinery or office space, typically involving periodic payments.
Units
A measure of quantity, often used in production and inventory to describe the number of individual items.
Step-Variable Cost
Costs that change in identifiable steps with changes in activity, increasing with each step rather than continuously.
Fixed Cost
Costs that do not vary with the level of production or sales volume, such as rent, salaries, and insurance.
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