The Breakeven Point Is the Point at Which

question 24

Multiple Choice

The breakeven point is the point at which

• A)fixed costs equal variable costs.
• B)total revenues equal total costs.
• C)sales equal variable costs.
• D)fixed costs equal sales.

---

Definitions:

Fred Fiedler

A psychologist who developed the contingency theory of leadership, suggesting that the effectiveness of a leader is dependent on both their personal style of leadership and the situation they are in.

Contingency Theory

A management theory suggesting that there is no one best way to organize a corporation, to lead a company, or to make decisions; instead, the optimal course of action is contingent upon the internal and external situation.

Behavioural Styles

Patterns of behavior and interaction that characterize an individual's approach to communication, decision-making, and problem-solving.

Hersey-Blanchard

A situational leadership model that suggests the need to adjust leadership styles based on the maturity level of followers.