What Is Intuition? Give an Example to Support Your Definition

question 18

Essay

What is intuition? Give an example to support your definition. Should managers use intuition in decision making? Why or why not?

Determine the break-even point in total dollars for a company and analyze the effect of changes in the sales mix on this point.

Estimate variable and fixed components of a specific cost based on historical data.

Understand and calculate the contribution margin.

Develop skills in financial analysis and decision making based on cost behavior and income statement formatting.

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Definitions:

Organizational Climate

The shared perceptions, beliefs, and attitudes within an organization, influencing its culture and how employees interact and work.

Expectations

Beliefs about what will happen in the future or about what one thinks should happen.

Key Managers

Individuals or teams critical in managing the operations and strategic direction of an organization.

Growth Rate

The rate at which a company or economy expands over a specific period, typically measured as a percentage.