If Your Caseload Is Comprised of 10 Clients, and Your

question 9

True/False

If your caseload is comprised of 10 clients, and your agency's total caseload contains 100 clients, and your agency director chooses one client at random to serve as a consumer representative on your agency's board, then the probability that one of your clients will be chosen is.05.

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Definitions:

Variable Selling

denotes the costs that vary directly with the level of sales, such as commissions or shipping charges.

Administrative Costs

Expenses related to the general administration of a business, such as salaries of executive staff, office supplies, and utilities.

Target Costing

A pricing approach where a company determines the potential selling price of a product and then subtracts desired profit to arrive at a target cost, subsequently focusing on reducing manufacturing costs to meet this target.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.