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11.10 Why is an understanding of cost behaviour (e.g. fixed costs, variable costs, etc.) important?...

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Accounting

11.10 Why is an understanding of cost behaviour (e.g. fixed costs,
variable costs, etc.) important? Will such understanding be more important for financial accounting or for management accounting?
11.11 Why do we bother with break-even analysis? A business is formed
to earn profit, not just to not make a loss (e.g. break even). Discuss.

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