For Values to Guide the Organization, Managers Must __________

question 75

Multiple Choice

For values to guide the organization, managers must __________.

• A) make sure employees actions fit in the culture
• B) model the behavior
• C) select employees that fit
• D) understand how to do business
• E) ask employees to stretch boundaries

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Definitions:

Contribution Margin Report

A financial report that shows the difference between a company's sales revenue and variable costs, which contributes towards covering the company's fixed costs and generating profit.

Manufacturing Margin

The difference between the sales revenue of manufactured products and their production costs (excluding indirect costs).

Variable Costing

A costing method that includes only variable production costs (direct labor, direct materials, and variable manufacturing overhead) in product costs.

Absorption Costing

Accounting method that includes all manufacturing costs (direct costs, variable and fixed overhead) in the cost of a product.