why is finance important in a business
why is finance important in a business
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A few business finance questions [:?
- Why is it important for managers to classify their costs are fixed and variable / direct and indirect? - How can a standard costing system is useful for a manufacturing company that makes large engine parts for cars - What is an opportunity cost? I find the answers in my revision guides or on the Internet]: Thanks to whoever answers [x
opportunity cost is the next best thing that has renounced the option had been chosen instead. example of a plant expansion or increase wages. It is important that managers to differentiate between fixed and variable costs in order to be able to produce a balance graphics, but allows them to have an idea of what the costs are fixed and that will change from time to time as they need an idea of future costs. look at this site http://classes.bus.oregonstate.edu/winter-06/ba321/Caplan/Management 20Accounting%%% 20Chapter 2010.htm
