Justin, a Human Resources Manager for XYZ Company, Commits 5

question 23

Multiple Choice

Justin, a human resources manager for XYZ Company, commits 5% of the annual budget toward instituting a new program that rewards employees for effectively handling diversity.Justin is playing the role of a(n)

• A)monitor.
• B)entrepreneur.
• C)disseminator.
• D)negotiator.
• E)disturbance handler.

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Definitions:

Sunk Costs

Sunk costs refer to money already spent and permanently lost, which cannot be recovered and should not influence future financial decisions.

Opportunity Costs

A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.