A Supervisor Walking Around at Different Points of Time Every

question 7

Multiple Choice

A supervisor walking around at different points of time every day is a good example of a:

• A)variable ratio schedule
• B)fixed interval schedule
• C)continuous schedule
• D)variable interval schedule
• E)fixed ratio schedule

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output.

Break-even Point

The level of production or sales at which total revenues equals total expenses, with no net loss or gain.

Contribution Margins

The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Cost-volume-profit Chart

A cost-volume-profit chart is a visual representation that shows how changes in a company's sales volume will affect its costs and profitability, facilitating breakeven and profit-target analysis.