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Which of the following roles has approval authority for project funding?
Net Operating Income
The profit realized from a business's operations after subtracting all operating expenses from operating revenues.
Contribution Margin
The amount by which a product's selling price exceeds its total variable costs, used to cover fixed costs and contribute to net profits.
Variable Expense Ratio
A financial metric that represents the proportion of variable expenses to sales revenue, indicating how much variable costs change in response to sales activity.
Break-even Point
The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.
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