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1. What is meant by the term break-even point? 2.What is meant by the margin of safety? 3.What is meant by a products contribution margin

1. What is meant by the term break-even point?

2.What is meant by the margin of safety?

3.What is meant by a products contribution margin ratio? How is this ratio useful in planning business operations?

4. What is significant about the relevant range?

5. What does the contribution margin ratio's calculate and how is that useful for

business operations?

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