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- Management uses Cost Volume Profit (CPV) analysis as a planning process to predict the future volume of activity, costs incurred, sales made and profit received. Required: i. List and explain FIVE assumptions in C-V-P analysis.Controls that measure variables that influence future profitability are called Select one: a. output controls. b. activity controls. c. behavior controls. d. steering controls.Which of the following can be considered a risk in CVP analysis? a. Sales mix b. Break-even point c. Margin of safety d. Contribution margin
- Information in a company’s first IFRS statements must: a. have a cost that does not exceed the benefits. b. be transparent. c. provide a suitable starting point. d. All the above.Metrics that are early in the value chain are normally considered to be _____ indicators. a.value chain b.leading c.reciprocal d.laggingWhen reporting information, the most important thing to be considered is that, the cost. a. Should be avoided b. Should be minimum c. Should be maximum d. Should be justified by the benefits
- What tool can you use to incorporate probabilities into the What-If analysis? Sensitivity analysis Decision Tables Cost-volume-profit (CVP) graph Degree of operating leverage Margin of SafetyMatch each of the following terms with the best definition. A. Theory of constraints B. Sunk cost C. Differential analysis D. Opportunity cost - Strategy that focuses on reducing bottlenecks. - Revenue forgone from an alternative use of an asset. - Not relevant to future decisions. - Evaluation of how income will change based on an alternative course of action.Refer to Exhibit 3.3. For each risk assessment principle, provide an example of how an organization might apply that principle.
- A_ what is return. Define risk and explain how it is assessedExplain the impact of risk, uncertainty, and changing variables on cost-volume-profit analysis.What methods are used to conduct a new system's cost-benefit analysis?i. Net prevent value;ii. Return on investment;iii. Breakeven analysis;iv. User feedback and recommendations a. All are correct b. i, ii and iii c. i, ii and iv d. ii, iii and iv.