A Basic Financial Model That Summarizes the Effects of Volume

question 85

Multiple Choice

A basic financial model that summarizes the effects of volume changes on an organization's costs,revenue,and income is the

• A)total revenue-total cost model.
• B)break-even model.
• C)cost-volume-profit model.
• D)program,planning,and profit model.

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Definitions:

Bell Laboratories

An industrial research and scientific development company renowned for its significant contributions to technology and science, originally part of AT&T and later Nokia.

Human Relations Study

An area of research focusing on the social interactions between employees in the workplace.

Frederick W. Taylor

An American engineer and management consultant known for his pioneering work in the field of scientific management, aimed at improving industrial efficiency.

Standardization

The process of implementing and developing technical standards to ensure uniformity, safety, and compatibility of products and services.