Question 1
What method smooths data fluctuations to provide a clearer sales trend line?
Question 2
Which budgeting method uses past data as a base to form the new budget?
Question 3
What is the Margin of Safety in a business context?
Question 4
What type of variance indicates costs exceeded the budgeted amount?
Question 5
In variance analysis, what does a 'favorable variance' imply?
Question 6
Which cost remains constant regardless of the level of output?
Question 7
What does the break-even point represent in business?
Question 8
What method of sales forecasting uses past trends to predict future data?
Question 9
What parameter does 'Contribution per Unit' measure in break-even analysis?
Question 10
How is 'selling price' fundamentally different from 'cost' in a business?
Question 11
Which type of budgeting starts with a clean slate each period?
Question 12
How is 'total cost' calculated when monitoring revenue and profit?
Question 13
How is profit calculated?
Question 14
In sales forecasting, which method analyzes the relationship between two variables?
Question 15
What is the relationship between price and cost in determining profits?