Question: Why is it important for a manager to understand the relationships between cost, volume, and profit? What does it mean when a manager says, We

  • Why is it important for a manager to understand the relationships between cost, volume, and profit?
  • What does it mean when a manager says, "We broke-even this month."
  • What does it mean when a manager says, "We had a profit of $10,000 this month?"

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