What Are the Three Primary Tasks of Order Processing

question 113

Multiple Choice

What are the three primary tasks of order processing?

• A) Order receipt, order delivery, order follow-up
• B) Order handling, inventory management, order delivery
• C) Materials handling, warehousing, order delivery
• D) Order handling, order entry, order delivery
• E) Order receipt, order checking, order delivery

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Definitions:

Total Contribution Margin

The difference between sales revenue and total variable costs, indicating the amount contributing to covering fixed costs and profit.

Operating Leverage

The ratio of fixed costs to total costs. The higher a firm’s operating leverage, the greater will be the variability of profits for a given change in sales.

Income Tax

A tax levied by governments on individuals or entities based on their income or profits.

Reward System

Programs and strategies to recognize and compensate employees for their performance and contribution to the organization.