Common Issues That Can Affect Your Needs Assessment Approach Include

question 17

Multiple Choice

Common issues that can affect your needs assessment approach include:

• A)the importance of the effort
• B)budget and available resources
• C)time to finish the project
• D)all of the above
• E)none of the above

---

Definitions:

Variable Expenses

Costs that vary in direct proportion to changes in a business activity's level, such as sales volume or production quantity.

Break-even Point

The point at which the amount of products sold or produced matches the total costs, leading to neither a profit nor a loss.

Margin of Safety

The difference between actual or expected sales and the breakeven sales, indicating the amount by which sales can drop before the business incurs a loss.

Percentage of Sales

A financial metric or method that relates various income statement accounts as a percentage of sales, often used for analysis or forecasting.