Write a short essay and define the profit-volume (PV) graph. What are the benefits of the PV graph to managers?
What will be an ideal response?
The PV graph shows how changes in the quantity of units sold affect operating income. Recall that managers want to know how many units of a product they must sell to earn a specific level of operating income. The PV graph is beneficial to the manager because the illustration makes it easier to determine the precise point at which the difference between the total revenues line and the total costs line equal the target amount.
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Indicate whether the statement is true or false
A fundamental principle in the law of agency is that the principal–agent relationship
creates _____ duties between the parties. Fill in the blanks with correct word