Managers must know how revenues and costs vary with changes in:
A)costs.
B)profits.
C)revenues.
D)decisions.
E)output levels.

Question

Quizplus · Accepted Answer

Managers must have an understanding of how changes in output levels affect revenues and costs. This understanding is crucial for making informed decisions about pricing, production levels, and resource allocation. By knowing the relationship between output levels and costs/revenues, managers can make decisions that maximize profitability and help the organization achieve its goals.

Managers Must Know How Revenues and Costs Vary with Changes