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Which variable is not a component of break-even analysis?
Cost of Living Adjustment
An increase in income or salary to counteract inflation, helping maintain employees' purchasing power.
Collective Agreements
Contracts made between employers and a group of employees, often represented by a union, that establish terms of employment, working conditions, and wages.
Collective Bargaining
A negotiation process between employers and a group of employees aimed at establishing agreements regarding wages, working conditions, and other employment terms.
External Factor
Influences, trends, or variables originating outside of an organization that can affect its performance and decision-making.
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