Many Companies Are Finding That It's Both Cost Efficient and Productive

question 85

Multiple Choice

Many companies are finding that it's both cost efficient and productive to call on outsiders from around the world to solve problems their own researchers can't handle. The Internet provides a great mechanism for assembling the solutions. A new term to describe this strategy is ________.

• A) market predicting
• B) B2B e-commerce
• C) problem sourcing
• D) crowdsourcing

Calculate total variable cost per unit.

Determine the total fixed manufacturing cost.

Estimate total monthly fixed selling and administrative expenses.

Calculate the total contribution margin.

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Definitions:

Revenue Center

A division or unit within a business responsible for generating significant income.

Departmental Reports

Internal documents that break down business performance by departments, aiding in analyzing specific areas of a company.

Controlling

Controlling refers to management activities that ensure the organization's goals are consistently being met in an effective and efficient manner.

Gross Profit

Net sales less cost of goods sold.