1. What is a relevant range? Explain 2. Explain the concepts of Variable Costs, Fixed Costs and Mixed Costs. Give an example of each. 3. How do we divide mixed costs into the fixed and variable cost components? 4. How could we use cost-volume-profit concepts to compute the amount of dollars of sales revenue needed to break-even? 5. How would we compute the number of units of sales needed to break-even? 6. What is operating leverage and why might the controller at Ford Motor company be concerned about the operating leverage? 7. Explain the concept of Margin of Safety. How is that computed? 8. Explain the difference between Absorption Costing and Variable Costing. 9. What are some advantages for providing Variable Costing reports to managers? 10. Large corporations include some information on market segments. Can you find that information for one public corporation and share it with the class? 11. What are examples of Segment types? 12. How do the average and marginal propensity to consume affect economic equilibrium and the output multiplier? Why is the multiplier important when evaluating the effects of possible macroeconomic policies? 13. How do the loanable funds market and financial intermediaries link savers with investors? How do the supply and demand for loanable funds determine interest rates?