Because Organizations Make Internal Changes So Frequently, a Recommended Way

question 37

Multiple Choice

Because organizations make internal changes so frequently, a recommended way of setting career goals is to ________.

• A)focus on the type of work you would like to do in the future
• B)establish goals for the specific positions you would like to occupy in the future
• C)set a goal of changing positions every year
• D)ask your manager or a human resource specialist to set goals for you

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Definitions:

Contribution Margin

Contribution margin is the amount by which the sale of a product exceeds its variable costs, indicating the portion of sales revenue available to cover fixed costs and generate profit.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the return (net profit) divided by the cost of the investment.

Flexible Budget

A budget that modifies in response to fluctuations in activity levels or volume within an enterprise.

Manufacturing Costs

The total costs involved in making products which can include direct materials, direct labor, and manufacturing overhead.