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One of Gregor Mendel's major contributions to science was his:
Cost-Volume-Profit Graph
A graphical representation that depicts how changes in cost and volume affect a company's profit, used for break-even analysis and profit planning.
Profit Graph
A visual representation of how a company’s profits change at different levels of sales volume or production output.
Contribution Margin Ratio
The percentage of sales revenue that exceeds variable costs, indicating how much earnings are available to cover fixed expenses and generate profit.
Fixed Expenses
Recurring costs that do not vary with the level of production or sales over a short period, such as rent or salaries.
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