Answer the following statements true (T) or false (F)
1. Sensitivity analysis empowers managers with better information for decision making by analyzing how various business strategies will affect profits earned by the company.
2. Managers can use CVP relationships to conduct sensitivity analysis.
3. An increase in sales price per unit decreases the contribution margin per unit.
4. An increase in sales price per unit increases the number of units required to break even.
5. When the variable cost per unit decreases, the contribution margin on each unit sold also decreases.
1. True
2. True
3. False
4. False
5. False
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