Match Each Item with the Correct Statement Below

question 142

Multiple Choice

Match each item with the correct statement below.
-A measure of the sensitivity of profit changes to changes in sales volume.

• A)break-even point
• B)Common fixed expenses
• C)Contribution margin
• D)Direct fixed expenses
• E)Margin of safety
• F)Operating leverage
• G)Degree of operating leverage
• H)Sales mix

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Definitions:

Normal Time

The average time in which a task or operation should be completed under normal working conditions.

Lillian Gilbreth

An American psychologist and engineer known as the "mother of modern management," instrumental in developing industrial management techniques and the study of ergonomics.

Frederick Taylor

Known as the father of scientific management, he proposed that work processes could be optimized by breaking them down into smaller tasks and using scientific methods to determine the most efficient ways of performing them.

Labour Standards

Norms and criteria set to ensure fair working conditions, including wages, hours, and safety.