CHAPTER 3 COST-VOLUME-PROFIT ANALYSIS TRUE/FALSE 1. To perform cost-volume-profit analysis‚ a company must be able to separate costs into fixed and variable components. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit (CVP) analysis 2. Cost-volume-profit analysis may be used for multi-product analysis when the proportion of different products remains constant. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit
Premium Variable cost Costs Contribution margin
INTRODUCTION Marketing is a means of developing a plan and applying it in a business context to meet consumer demand and to also generate profit for the organisation. In every firm there are environmental factors which influence the ability to develop and maintain a business structure‚ success and relationships with customers; they are internal and external factors (Thomas & Norman 1988). Internal factors are those the firm can control and external factors are beyond the firm’s control. Fragrance
Premium Marketing
of the UAE Armed Forces Chairman of the Emirates Identity Authority “The Population Register and ID Card program is a vital extension of the progress & development being undertaken by the UAE led by the insightful vision of its leadership. In its new strategy for 2010 - 2013‚ the Emirates Identity Authority is making steady progress
Premium Strategic planning United Arab Emirates Strategic management
A. Leadership Theories 1. Contingency Theory It is first suggested by Mary Parker Follet and viewed and organization as a system of contingencies. Fielder’s contingency approach reinforced these findings‚ suggesting that no one leadership style is ideal for every situation. Fielder felt that the interrelationships between the group’s leader and its members were most influenced by the manager’s ability to be a good leader. Research has shown that the leader-manager must assume a variety of leadership
Premium Leadership Management Motivation
expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocated to planned production? What was the actual cost per unit of production and shipping. 3. Prepare a flexible budget for 180‚000 iPhone 4’s and calculate flexible budget variances using actual costs for August. 4. Estimate material price and usage for flash memories‚ labor rate and usage (efficiency) variances‚ and the overhead spending variance for August. 5. What are some strategies or decisions
Premium Variable cost Costs Fixed cost
Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
Premium Economics Costs Microeconomics
continue the legacy of excellence and upholding the highest standards possible. Integrity it’s not just the foundation of the military but of life. One’s integrity shows character‚ morals‚ and leadership. Having integrity goes with doing the right thing when no one is watching. Someone with honor shows great leadership and pride in one’s self. The military demands us to know the critical importance of integrity. The importance of honesty in everything we endure goes on showing where we come from and our
Premium United States Marine Corps
Leadership essay for USMC Corporal’s Course. LEADERSHIP ESSAY Leadership means many things to different people‚ and as a student of the Marine Corps‚ I have studied many of them. I know the traits‚ the principles‚ the roles‚ and the concepts. I have read of the greatest leaders in the world‚ and of ones that led their men to pointless slaughter. I have personally worked for men I would follow to hell‚ and ones I would feel safer around if they were locked in a cell
Premium United States Marine Corps Non-commissioned officer Royal Marines
ineffective spending around the globe‚ lawmakers looking for cost-saving measures would do well to turn to prisons. Prison reform must attain the lowest economic costs‚ lowering actual taxpayer dollars spent without giving up the benefits of attaining important social goals‚ which represent another form of cost when lost. Undoubtedly‚ the current prison system is doing little to separate the US from its international counterparts in minimizing such cost‚ yet prison privatization has yielded hopeful results
Premium Prison reform Michel Foucault Prison
leaders born or made? A large amount of research is carried out around ‘are leaders born or made?’ studies have shown that genetics and the environment both play a part in leadership development. However‚ the relative contribution of each is subject to much scientific debate. For example‚ intelligence plays a part in leadership development‚ as does emotional intelligence. Certain personality traits such as self-confidence‚ dominance and extroversion also play an important role. The family often influences
Premium Leadership Skill