1. What does a strategic plan consist of?
A. The progress to date of accomplishing the goals
B. The company's overall objectives
C. The strategies necessary to achieve the objectives and the goals to be met under the strategy
D. All of these elements stated are correct
2. Which of the following item is not an assumption in the break-even and contribution margin analysis?
A. Sale volume is the only variable that affects variable costs.
B. The variable cost per unit is constant.
C. The unit selling price may change periodically due to competition or the product being obselete.
D. There is only one product or sales mix is assumed to be constant.