Question
Name the definitions given below: ______________ 1. Technique that examines changes in profits in response to changes in sales volumes, costs, and prices. ______________ 2.
Name the definitions given below:
______________ | 1. | Technique that examines changes in profits in response to changes in sales volumes, costs, and prices. |
______________ | 2. | Percent by which the selling price (or revenue) per unit exceeds the variable cost per unit, or contribution margin as a percent of revenue. |
______________ | 3. | Diagram of the relationship between total revenues and total costs; illustrates how an organizations profits are expected to change under different volumes of activity. |
______________ | 4. | Index of the extent to which the cost function is made up of fixed costs. |
______________ | 5. | Total revenue minus total variable costs. |
______________ | 6. | Proportion of different products or services that an organization sells. |
______________ | 7. | Excess of an organizations expected future sales (in either revenue or units) above the breakeven point. |
______________ | 8. | The level of activity where equal cost or profit occurs across multiple alternatives. |
______________ | 9. | Selling price per unit minus variable cost per unit. |
______________ 10. | Level of operating activity at which revenues cover all fixed and variable costs and there is no profit. | |
______________ 11. | Margin of safety as a percentage of actual or estimated sales (units or revenues). | |
______________ 12. | A systematic tendency for people to be overly optimistic about the outcomes of their plans and projects. |
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