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Which of the following is true regarding cost volume profit analysis? Multiple Choice It is a short - term rather than long - term decision

Which of the following is true regarding cost volume profit analysis?
Multiple Choice
It is a short-term rather than long-term decision-making tool.
It assumes the dollar value of opening and closing inventory for manufacturing firms remains constant.
All of the given answers
It assumes sales volume is the only cost driver for variable costs and profit margin the relevant cost driver for fixed costs.
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