Cost volume profit analysis is a popular tool in practice. Why is it so popular?

Select one:

a.

It is a simple tool to apply and is suitable for short-run decision making.

b.

It is a simple tool to apply and is suitable for short-run decision making AND it can be employed in all types of firms.

c.

It is a simple tool that can be used for long-run decision making.

d.

It can be employed in all types of firms.