​All of the Following Statements About the European Coal and Steel

question 22

Multiple Choice

​All of the following statements about the European Coal and Steel Community (ECSC) are true except

• A) ​Its original members included France, West Germany, and Netherlands.
• B) ​It was centered on Ruhr valley.
• C) ​It eventually evolved into the European Economic Community and then the European Community
• D) ​Great Britain and Ireland were the last countries to join.
• E) ​The European Community constituted the world's largest trading bloc.

Understand the attributes and behaviors that contribute to effective team leadership.

Identify the strategies for creating high-performance teams.

Recognize the significance of team building exercises and the questions that foster team development.

Comprehend the developmental stages of team life and the issues associated with each stage.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output, such as raw materials and labor directly involved in manufacturing.

Activity Levels

A measure used in cost accounting to evaluate the relation between the cost of a particular activity and the level of activity executed.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes towards covering fixed costs and generating profit.