10. Analyze your personal expenses on a variable and fixed
basis. What are some of your personal fixed costs and variable costs? What
would cause them to change?

11. What is C-V-P analysis used for? In the process of using
C-V-P analysis, what does it mean to “break even”?

17. What is the difference between a direct cost and an
indirect cost? Give an example of each in the context of teaching an accounting
class at your school.

19. How can out-of-pocket costs and opportunity costs be
applied to your personal financial decisions?