Australia Had a Complex and Fragmented Compensation Systems That

question 8

Multiple Choice

Australia had a complex and fragmented compensation systems that:

• A)operate under one central Commonwealth regulator for all states and territories.
• B)have been developed by each state and territory,each having developed its own system.
• C)have identical policies across all states and territories,but work under different names.
• D)are identical across all states with regard to structure,coverage and benefits.

---

Definitions:

Margin of Safety

The difference between actual or projected sales and the sales level necessary to break even, as a buffer against uncertainty.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating how much contributes towards covering fixed costs and profit.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales.

Fixed Costs

Expenses that remain constant regardless of the level of output or sales, including rent, wages, and insurance costs.