Key Terms Instructions: Please Define the Following Key Terms. Show Who

question 31

Essay

Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Old Order

Understand and articulate the early film industry's representation of societal changes.

Understand the concept of break-even point and how it is calculated in units and dollars.

Calculate the impact of changes in variable costs, fixed costs, and sales volume on net operating income.

Calculate the effect of changing selling prices and advertising expenses on net operating income.

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Definitions:

Vector Images

Graphics defined by mathematical equations, allowing for scaling to any size without loss of quality, as opposed to bitmap images.

GIFs

Short for Graphics Interchange Format, these are animated or static images used extensively on the internet for conveying emotions, reactions, or conveying messages.

Raster Images

Bitmap images made up of a fixed number of pixels, commonly used for digital photos and web graphics.

What-if Analysis

A process that allows for changing variables to see how those changes will affect the outcome of a formula or situation.