Examlex
Match the person or term with the with the correct description.
-Elijah Lovejoy
Break-even Point
The point at which total costs and total revenues are exactly the same, yielding neither a profit nor a loss.
Degree of Operating Leverage
The degree of operating leverage is a financial ratio that measures the sensitivity of a company's operating income to its sales, indicating how earnings before interest and taxes are affected by sales volume.
Fixed Expenses
Costs that do not vary with the level or amount of goods or services produced or sold.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and profits.
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