Another name for break-even analysis is

1. normal analysis.

2. variable-cost analysis.

3. cost-volume analysis.

4. standard analysis.

5. probability analysis.

The break-even point is the quantity at which

1. total variable cost equals total fixed cost.

2. total revenue equals total variable cost.

3. total revenue equals total fixed cost.

4. total revenue equals total cost.

If demand is greater than the break-even point,

1. profit will equal zero.

2. profit will be greater than zero.

3. profit will be negative.

4. total fixed cost will equal total variable cost.

If the break-even point is less than the mean, the Z value will

1. be negative.

2. equal zero.

3. be positive.

4. be impossible to calculate.

The minimum EOL is equal to the

1. break-even point.

2. EVPI.

3. maximum EMV.

4. Z value for the break-even point.

Which of the following would indicate the maximum that should be paid for any additional information?

1. the break-even point

2. the EVPI

3. the EMV of the mean

4. total fixed cost

The opportunity loss function is expressed as a function of the demand (X) when the break-even point and the loss per unit (K) are known. Which of the following is true of the opportunity loss?

1. $\text{Opportunity loss}=K\left(\text{Break-even point}-X\right)$ for $X \ge \text{Break-even point}$

2. $\text{Opportunity loss}=K\left(X-\text{Break-even point}\right)$ for $X \ge \text{Break-even point}$

3. $\text{Opportunity loss}=K\left(\text{Break-even point}-X\right)$ for $X < \text{Break-even point}$

4. $\text{Opportunity loss}=K\left(X-\text{Break-even point}\right)$ for $X < \text{Break-even point}$