_______________________ Describes Businesses' Active and Consistent Efforts to Build,lengthen and Strengthen

question 3

Multiple Choice

_______________________ describes businesses' active and consistent efforts to build,lengthen and strengthen relationships with their stakeholders.

• A) Shareholder support
• B) Stakeholder support
• C) Shareholder empowerment
• D) Stakeholder empowerment
• E) None of these choices.

Learn the three-step writing process and its application in business communication.

Identify the characteristics of informational and analytical reports.

Comprehend the direct and indirect approaches in report writing and knowing when to use each.

Recognize the role of executive dashboards in summarizing business information.

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Definitions:

Total Fixed Costs

Expenses that do not change with the level of production or sales over a short period, including rent, insurance, and salaries.

Activity Level

In cost accounting, this refers to the volume of production or operations, impacting variable costs and potentially influencing budgeting and performance measures.

Contribution Margin

The contribution margin is the difference between sales revenue and variable costs, showing how much revenue contributes to fixed costs and profit.

Variable Costs

Expenditures that fluctuate based on the production levels or the number of sales.