The Two Types of Objective Controls Managers Use Are

question 11

Multiple Choice

The two types of objective controls managers use are:

• A) output and input
• B) administrative and participative
• C) self-control and organizational control
• D) autonomous and individualized
• E) behavior and output

Comprehend the relationship between the prices of related goods and demand or supply.

Understand the difference between a change in quantity supplied and a change in supply.

Recognize factors that cause shifts in supply curves.

Identify the impact of technological changes on supply.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs of a product, indicating how much contributes to covering fixed costs and generating profit.

Break Even

The point at which total costs equal total revenue, meaning that a business or project is neither making a profit nor incurring a loss.

Variable Cost

A cost that varies with the level of output or production, such as materials and labor costs.

Variable Cost

Costs that change directly and proportionally with the level of production output or sales volume.