Examlex
For each of the following items,discuss which of the four data gathering methods would be most appropriate and why.
a.Eliciting 300 employees' opinions on a new incentive program to replace the current bonus program.
b.Identifying how the credit approval process for new customers is supposed to be conducted and by whom.
Normal Operating Range
The range of operational activity levels within which a business or machine can efficiently and effectively operate.
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true for a specific business.
Curvilinear Costs
Costs that change with the level of output or activity in a non-linear relationship, displaying variances in the cost per unit at different production volumes.
Break-even Analysis
A calculation that determines when an investment will reach a financial break-even point.
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