Examlex
The welfare reforms of 1996 did all of the following except:
Units
In the context of inventory or production, refers to the individual items or components that can be counted or measured.
Break-Even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business is breaking even.
Contribution Margin
The contribution margin represents the portion of sales revenue that is not consumed by variable costs and can contribute to covering fixed costs and generating profit.
Variable Cost
Costs that change in proportion to the level of production or sales activity.
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