Examlex
The National Institute of Justice (NIJ) Crime Mapping Research Center (CMRC) was founded in 1997
Fixed Costs
Costs that do not change with the level of output or production volume, such as rent, salaries, and insurance premiums.
Margin of Safety
The difference between actual sales and the break-even point, indicating how much sales can drop before the company incurs a loss.
Break-Even Point
The level of sales at which total revenues equal total costs, and the business makes no profit but also no loss.
Sensitivity Analysis
A financial modeling technique that determines how different values of an independent variable affect a particular dependent variable under a given set of assumptions.
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