To Monitor the Performance of a Sustainability Strategy, a Company

question 45

Multiple Choice

To monitor the performance of a sustainability strategy, a company must _____.

• A)develop key performance indicators
• B)hire an auditing agency
• C)engage NGOs
• D)audit its supply chain
• E)monitor social media

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Definitions:

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of goods produced.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability in financial planning.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, with no net profit or loss.

Variable Expenses

Expenses that fluctuate in direct proportion to the amount of production or the volume of sales, including items like direct labor and raw materials.