Even Though People Are Focused on the Bottom Line, Culture

question 68

True/False

Even though people are focused on the bottom line, culture plays a crucial role in deciding with whom they do business.

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Definitions:

Accounting Break-even

The point at which a company's revenues exactly cover its expenses, without generating a profit or a loss.

Cash Break-even

Cash break-even is the point at which a business generates just enough revenue to cover its cash outflows, without making a profit or loss.

Financial Break-even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, representing wear and tear, decay, or decline in value.