In an Organization,the Union Contract Is Very Explicit as to Employee

question 150

Multiple Choice

In an organization,the union contract is very explicit as to employee work rules,the tasks each individual employee will perform,the pay each individual will receive,how each individual can move from one position to another and so on.This organization's structure is an example of a ____________ structure in the organization.

• A)centralized
• B)departmentalized
• C)hierarchical
• D)formalized

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Definitions:

High-low Method

A method applied in cost accounting that calculates fixed and variable expenses by analyzing the maximum and minimum activity levels.

Variable Component

The portion of cost or expense that varies directly with changes in output or activity level.

Pre-tax Income

Pre-tax Income is the amount of income earned by a business before any taxes have been deducted.

Contribution Margin

The sum by which the income from sales surpasses variable expenses, showing the extent to which revenue aids in covering fixed costs and generating profit.