All of the Following Pieces of Advice Are Significant to Someone

question 127

Multiple Choice

All of the following pieces of advice are significant to someone preparing for a career in international business except:

• A)plan your undergraduate education accordingly.
• B)get some direct experience in the area of international business.
• C)interact with people from other cultures.
• D)read widely about the types of businesses in countries that interest you.

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Definitions:

Degree of Operating Leverage

A measure indicating how much sales revenue will translate into changes in operating income due to the proportion of fixed and variable costs.

Contribution Format Income Statement

An income statement format that segregates fixed and variable costs, directly showing the contribution margin.

Sales Commissions

A portion of sales revenue paid to sales employees as a reward for selling the company's products or services.

Net Operating Income

Earnings before interest and taxes (EBIT), representing the profit from normal business operations.