The Margin of Safety Can Be Expressed in Units of Product

question 3

True/False

The margin of safety can be expressed in units of product, in dollars, or as a percent of sales.

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Definitions:

Substitution

A method of replacing a variable with a value or another expression.

Equations

Mathematical statements that assert the equality of two expressions, often involving one or more variables.

Elimination

A method in algebra for solving systems of equations, removing one variable at a time to find their values.

Linear Equations

Equations between two variables that produce a straight line when graphed.