From a Practical Point of View,according to the Textbook,what Should

question 6

Multiple Choice

From a practical point of view,according to the textbook,what should be considered first when forecasting the number and type of people needed to meet organizational objectives for a manufacturing firm?

• A) Turnover
• B) Profitability
• C) Absenteeism
• D) Sales
• E) Commitment

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Definitions:

Contribution Margin Ratio

The contribution margin ratio is a financial metric indicating the proportion of sales revenue that exceeds variable costs, expressed as a percentage.

Monthly Fixed Expenses

Regular expenses that do not vary in amount and are paid on a monthly basis.

Contribution Margin Ratio

The proportion of sales revenue that exceeds variable costs, typically expressed as a percentage, indicating how much contributes to covering fixed costs and generating profits.

Fixed Expenses

Costs that do not vary with the level of production or sales over a short period, such as rent, salaries, and insurance.