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Which of the following statements is FALSE?
Fixed Cost
Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance premiums.
Gross Profit
Money available to cover the costs of marketing the product, operating the business, and profit.
Merchandise
Goods or products that are purchased, sold, or traded, often in the context of retail.
Emotional Intelligence
The combination of four abilities: (a) your ability to perceive other’s emotions; (b) your ability to identify your emotions, (c) your ability to understand what’s causing your emotion, and (d) your ability to manage your emotions.
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