Why Will Knowing the Basics About Modern Information Technology Help

question 133

Essay

Why will knowing the basics about modern information technology help you in business?

Determine the contribution margin and its significance in business operations.

Analyze the impact of changes in sales price, cost, and volume on profit.

Utilize the high-low method to estimate variable and fixed components of costs.

Interpret and use profit-volume (PV) charts and margin of safety for business analysis.

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Definitions:

Frontal lobe

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Motor activity

Physical movements and actions generated by the body's muscle system.

Brain

An organ of the central nervous system in vertebrates, located in the skull and functioning as the primary center for controlling bodily activities and cognitive functions.

Temporal lobe

A region of the brain responsible for processing auditory information and is involved in understanding language, and storing new memories.