As Part of Preparing a Business Plan, Grace Wang Wishes

question 11

Multiple Choice

As part of preparing a business plan, Grace Wang wishes to show the cost of fringe benefits as a percentage of payroll costs. She should use the following percentage:

• A) 40 percent.
• B) 25 percent.
• C) 15 percent.
• D) 5 percent.

---

Definitions:

Span of Control

The number of subordinates that a manager or supervisor can effectively oversee, manage, or control directly.

Specialized Knowledge

Expertise or skills developed in a specific field, area, or subject, distinguishing one from general knowledge.

Organizational Hierarchy

The arrangement of individuals within a corporation according to power, status, and job function, creating a structure of ranks or levels.

Specialization

The process of focusing on and becoming an expert in a particular subject or skill.