Which of the Following Is Crucial for Team Effectiveness When

question 7

Multiple Choice

Which of the following is crucial for team effectiveness when creating an environment where cultural diversity is embraced?

• A) Open communication
• B) Utilizing knowledge from those who are diverse
• C) Both A. and B.
• D) None of the above

---

Definitions:

Required Sales

Required sales refer to the sales volume or revenue needed to cover all fixed and variable costs of a business within a specific period.

CVP Income Statement

A variant of the income statement based on cost-volume-profit analysis, highlighting how costs and volume affect profit.

Margin of Safety

The difference between actual or projected sales and the break-even point, used as a measure of risk reduction.

Contribution Margin Ratio

The percentage of sales that exceeds variable costs, showing how much revenue is available to cover fixed costs and generate profit.