Cost behavior patterns can assist management
Not what you're looking for?
Explain how understanding cost behavior patterns can assist management?
Purchase this Solution
Solution Summary
This solution is comprised of a detailed explanation to explain how understanding cost behavior patterns can assist management of more than 250 words of text.
Solution Preview
Explain how understanding cost behavior patterns can assist management?
Cost behavior refers to how costs react to changes in the level of activity of the organization. Managers need information about cost behavior for planning and control purposes and for use in budgeting and forecasting. Bad managerial decisions can result if, for example, managers confuse variable with fixed costs or vice versa. The ...
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.