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Which of the following statements about X-rays and radio waves is not true?
Contribution Margin Ratio
The percentage of sales revenue that exceeds variable costs, indicating the portion contributing to fixed costs and profit.
Selling Price
The amount a customer pays to purchase a product or service from a business.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, due to fixed costs in a company's structure.
Net Income
This is the total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
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