As a Business Grows, It Needs to ________

question 42

Multiple Choice

As a business grows, it needs to ________.

• A) use spreadsheets to manage its operations
• B) use a database management system that can collect and store data from multiple sources
• C) use departmental databases
• D) use a combination of a central database and departmental databases

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Definitions:

Selling Price

The amount a seller charges for a product or service.

Contribution Margin

The amount by which the sales revenue of a product exceeds its variable costs, indicating the contribution towards fixed costs and profits.

Manufacturing Overhead Cost

Indirect costs related to manufacturing that cannot be traced directly to individual products, such as maintenance and factory manager salaries.

Produced Units

The total number of items manufactured by a company during a specific period.