A Memo Is

question 86

Multiple Choice

A memo is

• A) the standard format of communication within an organisation.
• B) the standard format of communication within and outside an organisation.
• C) the formal communication mode within an organisation.
• D) the formal communication mode within and outside an organisation.

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Definitions:

Break-even Point

The production level at which total revenues equals total expenses, resulting in neither profit nor loss.

Mixed Cost

Expenses that have both a fixed and variable component, changing somewhat in response to changes in production volume or activity levels.

Machine Hour

A measure used to allocate costs to products or services based on the number of hours a piece of equipment is operated.

Cost-volume-profit Analysis

A managerial accounting technique used to analyze how changes in costs and volume affect a company's operating income and net income.