Discuss the basic assumptions of CVP analysis and how we can use CVP analysis in making decisions as managers.
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Discuss the basic assumptions of CVP analysis and how we can use CVP analysis in making decisions as managers.
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- Explain how a manager can use CVP analysis to make decisions regarding changes in operations or pricing structure.The managerial decision-making process has which of the following as its third step? A. Review, analyze and evaluate the results of the decision. B. Decide, based upon the analysis, the best course of action. C. Identify alternative courses of action to achieve a goal or solve a problem. D. Perform a comprehensive differential (differential) analysis of potential solutions.Explain the meaning of the learning curve. How do managers determine the appropriate learning curve percentage to use?
- Explain how managerial accountants help managers plan, control, and evaluate.Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAPComponents of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives
- What combination of quantitative factors and qualitative factors would you like your potential employer to use as a performance management system? Explain your answer.An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.When managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting framework