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Which of the following is true about static routes?
Net Income
The net income of a business following the deduction of all taxes and expenses from its overall revenue.
Degree of Operating Leverage
A financial ratio that measures the sensitivity of a company's operating income to its sales volume, indicating how a change in sales will affect profits.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
Contribution Margin Ratio
The percentage of sales that exceeds variable production costs, indicating how much of each sales dollar is available to cover fixed costs and generate profit.
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