The primary purpose of managerial accounting is to provide information useful for management decisions. Many of the managerial accounting techniques that you learn in this course will be useful for decisions you make in your everyday life.

Instructions
For each of the following managerial accounting techniques, read the defi nition provided and then provide an example of a personal situation that would benefit from use of this technique.
  (a) Break-even analysis (page 1023).
  (b) Budgeting (page 1054).
  (c) Balanced scorecard (page 897).
  (d) Capital budgeting (page 1205).