Denise,the Owner of an Internet Company,is Relocating the Business to Toronto.Her

question 23

Multiple Choice

Denise,the owner of an Internet company,is relocating the business to Toronto.Her employees all believe that she should have considered their needs in this decision as they are part of the team that has made the business successful and that customers in the community will be hurt by this move.The employees are applying the principle of__________in asking her to consider their request.

• A)consumer sovereignty
• B)communitarianism
• C)individualism
• D)collectivism
• E)team building

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Definitions:

Manufacturing Margin

The excess of sales over variable cost of goods sold.

Contribution Margin

The amount by which sales revenue exceeds variable costs, contributing towards covering fixed costs and generating profit.

Variable Factory Overhead

Costs that vary with the volume of production and include expenses such as indirect materials and utilities.

Absorption Costing

An accounting method that includes all direct costs and overhead expenses related to the production of a product in its cost base.