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Who created the concept of intelligence quotient?
Variable Costs
Expenses that change in proportion to the activity or production level of a business.
Fixed Costs
Expenses that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and loan payments.
Break-even Volume
The quantity of sales needed for a product to generate revenue that matches the total costs, resulting in no profit or loss.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production labor.
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