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Discuss how budgets can be used to evaluate investment proposals. Do you agree with this? What are the features of cost volume profit (CVP) analysis.

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There are some people that say budgets are not good for control but are great for planning. What do you think is meant by this?
Discuss how budgets can be used to evaluate investment proposals. Do you agree with this?
What are the features of cost volume profit (CVP) analysis.
Why are managers interested in the break even analysis point?
Compare contribution margin and fixed costs.