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MATCHING KEY TERMS AND DEFINITIONS
-Any artificial environment that attempts to closely mirror an actual condition.
Net Operating Income
The profit a company generates from its normal business operations, excluding extraordinary items and expenses like taxes and interest.
Break-even
The point at which total revenues equal total costs, resulting in no net profit or loss for a business.
Monthly Dollar Sales
The total revenue generated from sales in a particular month measured in dollars.
Selling Price
The amount of money a customer pays to purchase a product or service.
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