Democratic Leaders

question 66

Multiple Choice

Democratic leaders

• A)are always the most effective leaders.
• B)let people know only what they need to know to do their jobs.
• C)involve their subordinates in the decision-making process.
• D)leave all decisions to their subordinates.

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Definitions:

Operating Profit

The earnings before interest and taxes (EBIT) generated from a company's core business operations.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and profit.

Operating Income

Operating income, similar to income from operations, is the profit earned from a firm's normal core business operations.