Which of the Following Equations Is Correct

question 25

Multiple Choice

Which of the following equations is correct?

• A) Contribution = sales - variable costs
• B) Contribution = sales + variable costs
• C) Contribution = fixed costs - profit
• D) Contribution = sales - profit

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Definitions:

Organisational Effectiveness

The ability of an organization to achieve its goals and objectives efficiently and effectively, using its resources wisely.

Outcome Goals

Objectives centered on achieving a specific end result, typically involving performance standards or benchmarks.

Organisational Development

A specialized field aiming to boost the knowledge and effectiveness of individuals in achieving significant organizational change and performance improvements, by means of research, theory, and hands-on practice.

Human Resource

The department within an organization that deals with recruitment, management, and guiding the people who work in it, focusing on policies and systems.