On Average,how Much Time Does It Take for a Professional

question 12

Multiple Choice

On average,how much time does it take for a professional (who is an external hire) to achieve full productivity?

• A) 8 weeks
• B) 20 weeks
• C) more than 26 weeks
• D) 2 weeks

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Definitions:

Mixed Cost

Expenses that have both a fixed and variable component, changing with the level of activity.

Variable Cost

Costs that vary directly with the level of production or with the volume of output.

Fixed Cost

Expenses that do not change with the level of production or sales volume, such as rent, salaries, and insurance premiums.

Contribution Margin Technique

A method used to evaluate how sales affect net income or profits, calculated as sales revenue minus variable costs.