Engineers,scientists,or Architects,who Design New Products or Services for a Firm,belong

question 55

Multiple Choice

Engineers,scientists,or architects,who design new products or services for a firm,belong to which level of a business hierarchy?

• A)middle management
• B)production workers
• C)knowledge workers
• D)data workers
• E)service workers

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Definitions:

Course of Action

A decision plan or set of steps to be followed to solve a problem or achieve an objective.

Contribution Margin

The amount remaining from sales revenue after variable costs are deducted, used to cover fixed costs and generate profit.

Differential Revenue

Differential revenue is the difference in revenue between two alternative decisions or periods, highlighting the potential increase or decrease in income resulting from a chosen action.

Condensed Income Statement

A simplified income statement that presents only key revenue and expense items, ignoring detailed breakdowns.