Which of the Following Best Describes the Concept That Management

question 128

Multiple Choice

Which of the following best describes the concept that management is needed in all types and sizes of organisations, at all organisational levels, in all organisational work areas and in all organisations, no matter the country in which they are located?

• A)the segmentation of management
• B)the cultures of management
• C)the universality of management
• D)the partiality of management
• E)the effectiveness of management

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Definitions:

Total Fixed Expense Line

A representation of all fixed costs combined, often used in financial analysis to assess a company's expenses.

Contribution Margin Ratio

The percentage of each sale that contributes to covering fixed costs and generating profit, calculated as contribution margin divided by sales revenue.

Total Volume

The cumulative amount or quantity of something, often referring to production output or sales in a business context.

Unit Contribution Margin

The amount each unit sold adds to profit, calculated by subtracting variable costs associated with a product from the sales price per unit.