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Define the various management accounting terms

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Reference no: EM13502485

In order to assist the manager you are compiling a resource which will define the various management accounting terms used in the process of strategic analysis. Provide an explanation of the following terms, with examples specifically relating to Boutique Catering, to include in a resource file which incorporates a reason why each concept is relevant or not relevant to decision-making:

Satisficing model

Simulation

Opportunity Cost

Sunk cost

Break-even point

 

 

Reference no: EM13502485

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