Which of the Following Management Principles Affects the Management Reporting

question 48

Multiple Choice

Which of the following management principles affects the management reporting system?

• A)formalization of tasks
• B)authorization
• C)span of control
• D)all of the above

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Definitions:

Break-Even Analysis

A financial calculation to determine the volume of production or sales at which total revenues will equal total costs.

Unit Variable Expense

Costs that vary directly with the production of one unit of a product or service.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain and all fixed costs are covered.

Selling Price

The amount of money charged for a product or service, which can influence demand and revenue.