A Hierarchically Structured Administrative Organization That Carries Out Specific Functions

question 4

Multiple Choice

A hierarchically structured administrative organization that carries out specific functions is a______ ​

• A)bureaucracy.
• B)delegation.
• C)chain of command.
• D)strategy.

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Definitions:

Break-even Point

The level of production or sales at which total costs equal total revenue, meaning the company neither makes a profit nor incurs a loss.

Unit Contribution Margin

This is the difference between the selling price per unit and the variable cost per unit. It indicates how much each unit sold contributes to fixed costs and profit.

Fixed Expenses

Constant costs incurred by a business, irrespective of the level of goods or services produced.

CVP Graph

A visual representation of the Cost-Volume-Profit analysis that illustrates the relationship between total costs, total sales, and the number of units produced or sold.