Which of the Following Represent(s)an Important Fact(s)that Employees and Managers

question 57

Multiple Choice

Which of the following represent(s) an important fact(s) that employees and managers need to be aware of in work situations?

• A) Perceptions of events and behaviors may be inaccurate.
• B) Perceptions of events and behaviors may vary among individuals.
• C) Both of these represent such important facts.
• D) Neither of these represents such important facts.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output, such as raw materials and direct labor.

Fixed Costs

Costs that remain constant regardless of the volume of goods or services produced by a business.

Net Income

The total profit of a company after operating expenses, taxes, and all other incomes and expenses have been deducted from total revenue.

Variable Costs

Costs that change in proportion with the level of production or sales volume, such as materials and labor.