Decision Making Is Less ______________ in Swedish Organizations Than in Philippine

question 14

Short Answer

Decision making is less ______________ in Swedish organizations than in Philippine organizations.

---

Definitions:

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.

Expenses

Outflows or using up of assets as part of operations of a business to generate revenue.

Contribution Margin

The difference between sales revenue and variable costs of a product or service, indicating how much revenue contributes toward covering fixed costs and generating profit.

Sales

The total revenue generated from selling goods or services over a specific period of time.