_________________ Is Any Significant Alteration, Modification, or Transformation in the Organisation

question 88

Multiple Choice

_________________ is any significant alteration, modification, or transformation in the organisation and operation of social life.

• A)Globalisation
• B)Scientific revolution
• C)Social change
• D)Global interdependence

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Definitions:

Variable Expense

Expenses that fluctuate with changes in production volume or level of activity, similar to variable costs.

Operating Leverage

A measure of how revenue growth translates into growth in operating income.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a percentage of its previous value.

Net Operating Income

The profit generated from normal business operations, excluding expenses from interest and taxes.