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Michael barely survived a horrendous car crash. As he lay on the road close to death, he said he was surrounded by a white light and felt joy and peace. He was experiencing palliative care.
Committed Fixed Costs
Expenses that a company has to pay regardless of its level of production or sales, such as leases and long-term contracts, which cannot be easily changed in the short term.
Unit Fixed Cost
The fixed cost associated with producing one unit of a product, which does not vary with the level of production output.
Total Fixed Cost
The sum of all expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance premiums.
Driver's Side Air Bag
A safety feature located in the steering wheel designed to protect the driver in the event of a collision.
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