A Pictorial Representation of Business Processes in Which the Actual

question 71

Multiple Choice

A pictorial representation of business processes in which the actual flow and sequence of events in the process are presented in the diagram form - the start of the process, the steps within the process, and the finish of the process is referred to as:

• A)System flowchart
• B)ER Diagram
• C)Process Map
• D)Data Flow Diagram

Recognize the benefits and challenges associated with performance-related pay systems.

Understand the significance of employee participation in decision-making and its impact on organizational performance.

Grasp the legal and procedural nuances of wage and salary information disclosure in different sectors.

Appreciate the psychological impacts (e.g., Pygmalion effect) of expectation and recognition on employee performance.

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Definitions:

Margin

Net operating income divided by sales.

Contribution Margin Ratio

The percentage of each sale that contributes to covering fixed costs, calculated as contribution margin divided by sales revenue.

Fixed Expenses

Expenditures that stay unchanged despite differences in the volume of production or sales, covering items like rental fees, payroll, and coverage costs.

Sales

The exchange of goods or services for money, quantifying the performance and profitability of a business.