Examlex
Which of the following is a key difference between strategic decisions and managerial decisions?
Cost-volume-profit Analysis
A managerial accounting technique used to analyze how changes in costs and volume affect a company's operating income and net income.
Break-even Analysis
A calculation and assessment method to determine the point at which revenue received equals the costs associated with producing the revenue, indicating no net loss or gain.
Estimated Fixed Costs
Predicted expenses that do not fluctuate with the level of production or sales over a certain period of time.
Break-even Point
The point at which total costs and total revenue are equal, meaning that there are no net losses or gains.
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