Alternative Courses of Action That Can Be Implemented Based on How

question 87

Multiple Choice

Alternative courses of action that can be implemented based on how the future unfolds are referred to as

• A)programmed decisions.
• B)contingency plans.
• C)ready-made solutions.
• D)satisficing plans.
• E)maximizing plans.

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Definitions:

Operating Income

Income generated from a company's regular business operations, excluding one-time events and expenses.

Variable Cost

Costs that change in proportion to the level of activity or volume of goods produced.

Fixed Costs

Costs that do not change with the volume of production, such as rent, salaries, or insurance.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, used to cover fixed costs and to generate profit.