Discuss the Differences in "Margin of Safety" and "Target Operating

question 130

Essay

Discuss the differences in "margin of safety" and "target operating income." How do managers use these two items in the decision-making process?

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Definitions:

Gray Davis

An American politician and attorney who served as the 37th governor of California from 1999 until being recalled in 2003.

Warren Harding

The 29th President of the United States (1921-1923), whose term was known for significant economic growth but also for scandals that tarnished his administration.

David Dinkins

David Dinkins was the first African American mayor of New York City, serving from 1990 to 1993.

Initiative Process

A form of direct democracy that allows citizens to propose and vote on legislation or constitutional amendments.