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Describe classical and operant conditioning, and name the researcher who first proposed each type of conditioning.
Net Income
The company's net income following the deduction of all expenses and taxes from its total revenue.
Variable Costs
Expenses that fluctuate in proportion to the level of output or activity, such as raw materials and direct labor costs.
Fixed Costs
Expenditures that do not vary with the degree of output or sales, for instance, rental fees, wages, and insurance premiums.
Break-Even Point
The point at which total costs and total revenues are equal, meaning a business is not making a profit but also not incurring a loss.
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