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An exciting development in health care is telemedicine, which is a form of long-distance health care.
Variable Expenses
Costs that vary in direct proportion to changes in an organization's activity level or volume of output.
Operating Leverage
A measure of how sensitive net operating income is to a given percentage change in dollar sales.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
Contribution Margin
The difference between sales revenue and variable costs, indicating the contribution of sales to fixed costs and profits.
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