Implementation of Selected Goals and Plans Will Be Most Successful

question 91

Multiple Choice

Implementation of selected goals and plans will be most successful when

• A)only managers participate in the planning process.
• B)limited resources are provided for implementation.
• C)the goals and plans are linked to other organizational systems.
• D)the employees remain skeptical of the plan.
• E)employees are brought into the process just after the decision to implement is made.

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Definitions:

Operating Income

Earnings before interest and taxes (EBIT), representing the profit from core business operations.

Contribution Format

Contribution format is an income statement format that separates costs into fixed and variable categories, highlighting the contribution margin of goods or services sold.

Contribution Margin

The amount by which sales revenue exceeds variable costs. It represents the portion of sales that helps to cover fixed costs.

Contribution Format

A type of income statement where costs are classified as variable or fixed, and the contribution margin is computed by subtracting total variable costs from sales.