In the Merchandising Sector ________

question 34

Multiple Choice

In the merchandising sector ________.

• A) only variable costs are subtracted to determine gross margin
• B) fixed overhead costs are subtracted to determine gross margin
• C) fixed overhead costs are subtracted to determine contribution margin
• D) all operating costs are subtracted to determine contribution margin

---

Definitions:

Envelope/Scenario Forecasting

A forecasting method that involves creating a range of possible future outcomes based on different scenarios or assumptions.

HR Budgets

Budget allocations specifically designated for human resources activities including recruitment, training, salaries, and benefits.

Staffing Tables

Charts or documents that outline the current and projected number of employees in an organization, often broken down by department or role.

HR Demand Forecasting

HR Demand Forecasting involves predicting the future manpower requirements of an organization to meet its objectives.