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6 Cards in this Set
- Front
- Back
Graphs of variable costs look like
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Straight line
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Contribution Margin means?
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How much you have to cover a fixed cost and provide a profit
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Figure Breakeven (with target operation Income)
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Fixed Cost/Sell cost - Variable cost
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Goal Conflict
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Individual self-interest differs from business objectives
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Budgetary slack
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Lower goals/"Padding"
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Flexible vs. Static Budget
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Shows multiple activity levels vs. one activity level
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