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Define Margin of Safety and explain its significance in cost-volume-profit analysis. Discuss how Margin of Safety helps businesses assess their risk exposure and operating leverage.

Define "Margin of Safety" and explain its significance in cost-volume-profit analysis. Discuss how Margin of Safety helps businesses assess their risk exposure and operating leverage. Provide examples to illustrate how changes in sales volume and contribution margin affect the Margin of Safety and overall financial performance of a company.

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