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The autonomy continuum shows how five kinds of teams differ in terms of autonomy. The correct sequence from low team autonomy to high team autonomy is (1) traditional work groups, (2) employee involvement groups, (3) semi-autonomous work groups, (4) self-designing teams, and (5) self- managing teams.
Unit Variable Costs
The costs that vary directly with the volume of production or sales, such as materials and labor.
Contribution Margin Ratio
The percentage of sales revenue that exceeds variable costs, indicating the portion available to cover fixed costs and generate profit.
Operating Income
Income generated from a company's ongoing, core business operations, excluding deductions of interest and taxes.
Variable Costs
Costs that vary directly with the level of production or business activity.
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