Break-even analysis is an ideal tool for determining employee wages.

Name: Break-even analysis is an ideal tool for determining employee wages.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Break-even analysis is a financial tool used to determine the level of sales needed to cover all expenses and make a profit. It does not directly determine employee wages, which are generally determined by industry standards, company budgets, and negotiating with employees or labor unions.

Break-Even Analysis Is an Ideal Tool for Determining Employee Wages