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Match the Following Terms with Their Definitions

Question 217

Matching

Match the following terms with their definitions.

Premises:
Operating leverage
Profit-volume chart
Margin of safety
Sales mix
Cost-volume-profit chart
Responses:
Focuses on profits rather than on revenues or costs.
Contribution margin divided by income from operations.
Indicates the possible decrease in sales that may occur before operating loss results.
The relative distribution of sales among products sold by a company.
Focuses on costs, sales, and operating profit or loss.

Correct Answer:

Operating leverage
Profit-volume chart
Margin of safety
Sales mix
Cost-volume-profit chart
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