Catherine Works as a Training Specialist at a Retail Organization

question 57

Multiple Choice

Catherine works as a training specialist at a retail organization. She is not always physically present in the office though she works from other locations using a portable computer. She usually informs her colleagues in advance when she decides to come in and work from office. This work arrangement is an example of ________.

• A) fully mobile working
• B) tethered in office arrangement
• C) home-based working
• D) hoteling
• E) occasional telecommuting

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Definitions:

Contribution Margin Ratio

A ratio that represents the percentage of sales revenue that exceeds variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit.

Break-even Point

The sales level at which total revenues equal total costs, resulting in no profit or loss.

Margin of Safety

This metric calculates how much sales can decline before a business reaches its breakeven point.

Total Contribution Margin

The total amount remaining from sales revenue after all variable costs are deducted, used to cover fixed costs and profit.