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Beginner's mind,a concept borrowed from the Zen Buddhist tradition,is the opposite of the sociological perspective.
Cost Volume Profit Analysis
An accounting method used to determine the breakeven point of sales and to estimate the effect of changes in costs and volume on a company's profit.
Fixed Costs
Costs that do not change with the level of production or sales volume, such as rent, salaries, and insurance.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as materials and direct labor.
Cost Volume Profit Graph
A graphical representation that displays the relationships between a company's costs, revenues, and profits over different levels of production and sales volumes.
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