Examlex
Phone numbers,Social Security numbers,and zip codes are examples of numerical variables.
Variable Cost
Costs that change in proportion to the level of activity or production volume, such as materials and labor.
Fixed Costs
Costs that remain constant regardless of how much is produced or sold, including expenses like rent, salaries, and insurance.
Net Income
The amount of profit that remains after all operating expenses, taxes, and costs have been subtracted from total revenue, essentially the bottom line.
Break-Even Point
The point at which total costs and total revenue are equal, resulting in neither profit nor loss.
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