Employees Who Are Given Timely Information About Business Plans,performance,and Strategies,are

question 62

True/False

Employees who are given timely information about business plans,performance,and strategies,are more likely to make good suggestions for improving business.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating the amount contributing to covering fixed costs and profit.

Variable Cost

A cost that changes in proportion to the level of output or activity in a business.

Special Discounted Price

A reduced price offered on goods or services, usually as part of a promotional deal or to certain groups of customers.

Idle Capacity

The portion of a company’s resources or assets that are not being used to their full potential, often leading to inefficiencies.