Principle(s) Employees Should Follow for Success at Work Is/are

question 87

Multiple Choice

Principle(s) employees should follow for success at work is/are:

• A) Contribute more than you cost
• B) Have a 10-year plan
• C) Make your customer your first priority
• D) Both contribute more than you cost and make your customer your first priority

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Definitions:

Volume

The number of units of a product or service sold or produced.

CM Ratio

The CM Ratio, or Contribution Margin Ratio, is a financial metric that shows the proportion of sales revenue that exceeds variable costs, indicating the amount available to cover fixed costs and generate profit.

Fixed Expenses

Costs that remain constant for a set period and do not vary with changes in activity level, production volume, or sales, such as lease payments and utility bills. This is a rephrased definition of Fixed Costs.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.