Identify a True Statement About Controlling Time Wasters

question 23

Multiple Choice

Identify a true statement about controlling time wasters.

• A) A supervisor cannot ask to be taken off the distribution list when he or she receives an internal company report even if it provides little useful information.
• B) Although high standards can inspire high performance, perfectionism can make people afraid to try at all.
• C) The inability to say no and perfectionism are time savers that allow supervisors to fully use their time.
• D) If your own supervisor asks you to take on an urgent new task, the best way out is to politely refuse since it would clash with your other priorities.

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Definitions:

Markup Percentage

The percentage difference between the cost of a good or service and its selling price, indicating the gross profit margin.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Contribution Margin

The amount of revenue remaining after deducting variable costs, used to cover fixed costs and generate profit.

Sales Mix

The relative proportion of different products or services sold by a company, significantly influencing its overall profitability.