Examlex
Select the correct description for each of the abbreviations.
-UTI
Variable Costs
Expenses that change in proportion to the activity of a business, such as sales volume or production levels.
Fixed Expenses
Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance premiums.
Target Profit
The amount of net income a business aims to achieve within a specific period.
Break-Even Point
The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.
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