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The assignment is covering week 2, week 3 and week 4 materials.
Week 2: The Role of Accounting Information in Management Decision Making
Week 3: The Cost Function
Week 4: Cost – Volume – Profit Analysis
- Do NOT remove the questions in the answer papers. But write your answers below each question.
- Answer the ALL questions.
- Assignments should be submitted in MS Word format
- Font should be Times New Roman with 14 points.
- You are required to work in this assignment individually.
- You should submit the assignment via the Blackboard.
- Students who submit assignments after deadline, will get ZERO.
- If you engaged in plagiarism, you will get ZERO marks in the assignment or course.
Q1. How can managers make higher-quality decisions? Give an example of decision made by one company and discuss how the mangers will make high quality decision? (3 Points)
Q2. Give a numerical example of cost function and analyze this cost function? Discuss how is this cost function used in decision making? (3 Points)
Q3. Find a numerical example of cost-volume-profit (CVP) analysis, and analyze how CVP analysis is used for decision making? (4 Points)