High Operating Gearing Refers To

question 25

Multiple Choice

High operating gearing refers to:

• A)an activity with fixed costs equal to its variable costs.
• B)an activity with relatively high variable costs compared with its fixed costs.
• C)an activity with relatively low fixed costs compared with its variable costs.
• D)an activity with relatively high fixed costs compared with its variable costs.

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Definitions:

Competitive Advantage

The unique attributes or circumstances that allow an organization or country to produce goods or services at a lower price or in a more desirable fashion than competitors.

Corporate Culture

The shared values, beliefs, and practices that define the character and behavior of an organization and its employees.

Joint Industrial Councils

Bodies made up of representatives from both employers and employees in a particular industry, aimed at discussing and negotiating issues related to that industry.

Employee Voice

The way in which employees express their opinions and concerns about their work environment and contribute to decision-making processes within the organization.