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In a binary tree, each node has at most two child nodes.
Break-even Point
The point at which total costs equal total revenue, meaning the business makes neither a profit nor a loss.
Variable Cost
Costs that change in proportion to the level of production or business activity, such as materials, labor, and utility costs.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salary, or insurance, providing stability to a company's expense structure.
Margin of Safety
The difference between actual or projected sales and the break-even point, often expressed as a percentage.
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