When graphing cost-volume-profit data on a CVP chart:

A) Units are plotted on the horizontal axis; costs on the vertical axis.
B) Units are plotted on the vertical axis; costs on the horizontal axis.
C) Both units and costs are plotted on the horizontal axis.
D) Both units and cost are plotted on the vertical axis.
E) Data points always represent expected future points.

In general, would the degree of forecasting risk be greater for a new product or a cost-cutting proposal? Why?

A profit-maximizing monopolist practices third-degree price discrimination.If he charges p₁ in market 1 and p₂ in market 2, where p₁  p₂, then if the law forced him to charge the same price in both markets, more would be demanded in market 1 than in market 2.

Accountants are mainly involved in developing nonfinancial information for management's consideration in choosing among alternatives.

If a large collection of diverse individuals is likely to contain either a single superior solution to a problem, or on average, the collection will be correct, what would be an appropriate approach to decision making?

A) Evidence-based management
B) Crowdsourcing
C) Big data
D) Analytics
E) Stimulate controversy

Refer to Case 8.1.By not telling anyone of his fear of making the wrong decision,Ted is preventing which of the following from taking place?​

A) ​Role relationships
B) ​Reduction of stress
C) ​360-degree feedback assessment
D) ​Forgiveness