According to the text, which of the following statements describes a limitation associated with break-even analysis?
a. It can be expressed only as a break-even point in dollar amounts.
b. It considers only demand.
c. It is sometimes difficult to ascertain whether a cost is fixed or variable.
d. It requires the calculation of marginal revenue.
Ans: c. It is sometimes difficult to ascertain whether a cost is fixed or variable.
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Which of the following statements is true of a breach of contract?
A) Strict performance by a party discharges that party's duties under the contract. B) Inferior performance constitutes a minor breach of contract. C) Substantial performance constitutes a material breach. D) The most common remedy for a breach of contract is an award of equitable remedies.
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A) personality B) attitude C) skill D) value