An Organization Chart Shows

question 32

Multiple Choice

An organization chart shows:

• A) the names of managers and their position in the organization.
• B) job descriptions and titles.
• C) payroll classifications and salaries.
• D) lines of authority and responsibility.
• E) All of the above.

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Definitions:

Contribution Margin

The amount remaining from sales revenues after all variable expenses have been deducted.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, i.e., they remain constant regardless of the level of production or sales.

Discontinue Department

The process or decision to eliminate a particular department or business unit that is not performing up to expectations or aligning with company strategy.

Advanced Level

Refers to a stage or qualification that is considered to be more complex and challenging than basic or intermediate levels.