Please answer the following questions in relation to accounting and nonaccounting managers.

Managerial accounting uses accounting and financial information for decision making.

1. What key concepts do you learn from the use of accounting and financial information for managerial decision making ?
2. Have you previously studied break-even analysis in an economics course?
3. What does break even analysis indicate to managers?
4. How can managers use break even analysis for decision making?
5. Can this be used for pricing decisions?
6. What types of managerial decisions are supported by break even analysis?