Informal Groups Are Divided into ________ and ________

question 38

Multiple Choice

Informal groups are divided into ________ and ________.

• A) committees; work teams
• B) friendship groups; task groups
• C) command groups; task groups
• D) committees; interest groups
• E) interest groups; friendship groups

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Definitions:

Mark-Up Percentage

The percent difference between the cost of a good or service and its selling price, used to calculate the selling price from the cost.

Contribution Margins

The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.

Labour Hours

The total number of hours worked by employees, used for measuring productivity or calculating costs.

Product Mix

The variety of products that a company offers for sale, which can affect its market position and profitability.