Which of the Following Statements About Today's Business Environments Is

question 58

Multiple Choice

Which of the following statements about today's business environments is most accurate?

• A)The number of telecommuting employees is expected to decline in the future.
• B)All companies assign offices for employees.
• C)Many employees today no longer need an office; they can work anytime and anywhere.
• D)Workers today spend more time in offices than workers in the past.

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Definitions:

Variable Costs

Financial outlays that adjust based on the volume of production or sales, for instance, materials and workforce expenses.

Fixed Costs

Costs that do not change with the level of output or production volume, such as rent, salaries, and insurance premiums.

Margin of Safety

The difference between actual sales and the break-even point, indicating how much sales can drop before the company incurs a loss.

Break-Even Point

The level of sales at which total revenues equal total costs, and the business makes no profit but also no loss.