Emmy Has Received a Poor Grade in a Class

question 102

Multiple Choice

Emmy has received a poor grade in a class. When she visits her professor to discuss it, the professor is very polite and kind, but doesn't really explain how Emmy earned her grade. Emmy likely experiences high _____ justice and low _____ justice.

• A)distributive; procedural
• B)informational; interactional
• C)distributive; informational
• D)interactional; informational

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Definitions:

Variable Costs

Costs that vary in direct proportion to the level of production or sales volume, like raw materials and direct labor.

Fixed Costs

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

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profits.

Contribution Margin

The residual amount from sales income post the subtraction of variable costs, signifying its role in offsetting fixed expenses and creating profit.