When There Is a High Probability That Sales Will Decline

question 91

True/False

When there is a high probability that sales will decline in an organization,managers use CVP analysis in their decision making processes to determine whether or not they need to change the cost structure to have more variable costs and fewer fixed costs.

---

Definitions:

Quantitative Data

Data that can be quantified and verified, and is amenable to statistical manipulation.

Qualitative Data

Non-numerical information obtained through methods like interviews, observations, or subjective assessments, focusing on experiences and interpretations.

Face-to-face Interviews

A qualitative research method involving direct, in-person conversation between an interviewer and respondent to gather data.

Qualitative Data

Non-numerical information collected through observation, interviews, or open-ended questions that provides insights into people's beliefs, experiences, and behaviors.