An Algebraic Equation Used by Managers to Describe the Relationship

question 36

Multiple Choice

An algebraic equation used by managers to describe the relationship between a cost and its cost driver(s) is called a

• A) cost behaviour.
• B) cost function.
• C) budget.
• D) cost analysis.

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Definitions:

Productivity

The ratio of an organization’s inputs, or its resources, to its outputs, or the goods and services it produces.

Encouragement

The action of giving support, confidence, or hope to someone, often leading to improved performance or morale.

Motivation

The force of the need or desire to act.

Yearly Appraisal

An annual evaluation process where employees' work performance is reviewed and discussed to identify strengths, weaknesses, and areas for development.