Explain cost analysis.
DefinitionExplanation should include
- identifying expenses for a company and developing a cost analysis sheet
- identifying build-out costs, employee pay, and cost of equipment and consumables
- the difference between fixed and variable costs.
- What tools are commonly used in cost analysis?
- How do companies manage cost? What are some ways to keep cost down?
- Why would it be advantageous to keep cost analysis as simple as possible?
- How does cost analysis help companies avoid threats and enhance opportunities?
- How can a company reduce fixed costs?
- What is the break-even point for a company?
- Which software can be used to ensure efficiency when conducting cost analysis?
- Where can companies find valid information to use in conducting cost analysis?
Related Standards of Learning
The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
- Apply information from texts to clarify understanding of concepts.
- Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
- Analyze technical writing for clarity.
- Paraphrase and synthesize ideas within and between texts.
- Draw conclusions and make inferences on explicit and implied information using textual support.
- Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
- Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
- Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).
The student will read, interpret, analyze, and evaluate a variety of nonfiction texts.
- Use critical thinking to generate and respond logically to literal, inferential, and evaluative questions about the text(s).
- Identify and synthesize resources to make decisions, complete tasks, and solve specific problems.
- Recognize and analyze use of ambiguity, contradiction, paradox, irony, overstatement, and understatement in text.
- Analyze false premises claims, counterclaims, and other evidence in persuasive writing.