The knowledge of cost behavior is important for managerial decision making as, having a thorough knowledge about this enables the manager to predict whether any costs will decrease or increase as business activity changes.
For instance, if a production line is nearing capacity, the relevant cost behavior would be to expect a large cost increase (to pay for an equipment expansion) if incremental demand increased by a small amount. Understanding cost behavior is an essential component of cost-volume-profit analysis.
Learn more about Cost Behavior here
brainly.com/question/24304890
#SPJ4
Historians look for clues as to what life would have been like and what happened in the past, in different societies. They sift through a lot of evidence and of different geological regions.
National Committee
Explanation: A national Committee makes the competition a leader
