To Increase the Contribution Margin a Firm Must Either _____

question 104

Multiple Choice

To increase the contribution margin a firm must either _____ or _____.

• A) Increase its sales price; increase its fixed cost per unit.
• B) Increase its sales price; decrease its variable cost per unit.
• C) Increase its sales price; decrease its fixed cost per unit.
• D) Increase its variable cost per unit; decrease its fixed cost per unit.
• E) Decrease its variable cost per unit; decrease its fixed cost per unit.

Appreciate the importance of linear and non-linear programming in determining HR supply requirements under various assumptions.

Know the components included in management and skills inventories and their relevance to HR planning.

Grasp the principles of stochastic probability as it applies to individual movement behaviors within organizations.

Understand HR strategies for monitoring and controlling workforce dynamics such as absenteeism and turnover.

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Definitions:

Delegable Duty

A responsibility or duty that can be transferred or assigned from one party to another, often seen in contexts of employment or contractual agreements.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, although the benefit was not the reason the contract was formed.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly where the contract's intent is to gift something to the beneficiary.

Creditor Beneficiary

A third party that benefits from a contract in which one party promises to pay a debt owed to the third party by the other contract party.