Generally,U

question 33

True/False

Generally,U.S.employers abroad must abide by U.S.discrimination laws unless to do so would violate the laws of the country where their workplaces are located.

Comprehend the concept of corporate entity and separation from its owners.

Distinguish between authorized, issued, and outstanding shares.

Understand the financial implications of share transactions for corporations.

Grasp the concepts surrounding shareholders' equity, including components and its calculation.

---

Definitions:

Cost Formula

An equation or method used to determine the total cost of producing goods or services, combining fixed costs, variable costs, and sometimes semi-variable costs.

Variable Selling Expenses

Costs that vary directly with the volume of sales, such as commissions and shipping fees.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is available to cover fixed expenses and to contribute to profit.

Variable Administrative Expenses

Costs that vary in proportion to changes in an organization's activity level, such as sales commissions.