1. Why is an uderstanding of cost behaviour important (e.g. fixed costs, variable costs, etc.).2. Explain the meaning of contribution, and break-even analysis and discuss their usefulness.3. Break-even/CVP analysis seems to be a great tool. Does it have any weaknesses?4. Analyse FMG 2014 and 2015 Annual Reports and discuss the factors that influence the miners break-even costs.5. Analyse the iron ore industry market and discuss which iron ore comapanies are at most risk.
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