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A case manager is concerned about his exposure to possible lawsuits. Which of the following are appropriate actions to take to minimize this risk? (Select all that apply.)
Margin of Safety Percentage
A financial ratio indicating the difference between actual sales and break-even sales, used to determine the risk of incurring a loss.
Break-even Sales
The level of sales at which a business neither makes a profit nor a loss, calculated by dividing fixed costs by the contribution margin ratio.
Total Sales
The overall revenue generated from goods or services sold by a business in a specific period.
Variable Cost
Costs that vary directly with the level of production or volume of output, such as raw materials and labor associated with the production process.
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