Week 4 class discussions Essay Example | Topics and Well Written Essays - 500 words

Week 4 class discussions - Essay Example You can then figure out how that point moves based on different decisions (say, price point). I like it because it’s a very easily understood concept, and can be easily visualixed and internalixed for decision making purposes. I do agree to the post of the student regarding breakeven analysis. As the student has written the post in his own words, therefore, he has not able to represent the exact concept of the breakeven analysis technique. I think I will choose Breakeven Analysis.   It is a technique used by accountants and management.   It determines the point which revenue equals the costs that are associated with receiving revenue.   Break-even analysis analyzes the costs of the sales.   If something costs $50 to produce a widget and the fixed costs are $5000.   The break-even point will be: From what I have read in the book, and from what I have learned in previous classes, the difference between a procedure and a function is the fact that a function will return a value while a procedure does not. In my previous classes, we just called them all functions. If I am missing some finer point of the difference during my discussion on them, Professor, please let me know. A procedure is a piece of code that will, when called, execute a piece of code without returning and values back to the place where it was called from. A procedure may, or may not take any parameters. Example of procedure prototypes (are they called that as a function is?) would be: A function on the other hand would return a value when it is done executing its code back to where it is called from. What we have been writing on every piece of code so far is an example of a function: The above post is well organized description of difference between the â€Å"Procedure† and â€Å"Functions†. The student has clear concept and sound knowledge regarding the topic. The student has discussed the topic with simple and high-quality explanation of the