Contribution Margin Is Total Revenue Less Variable Costs

question 115

True/False

Contribution margin is total revenue less variable costs.

Recognize the importance of certifications and professional associations in shaping HR practices.

Appreciate the role of knowledge workers and how HR practices are adapted to manage and support them.

Understand the challenges sexual misconduct poses to human resource management.

Identify and describe the role of the Society for Human Resource Management (SHRM) and the certifications by Human Resource Certification Institute.

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Definitions:

EMV

Expected Monetary Value, a decision-making tool used in risk management to calculate the average outcome when the future includes scenarios that may or may not happen.

Medium Potential

A term indicating a moderate level of capacity or ability to achieve or develop something in the future.

Opportunity Losses

The losses incurred by not choosing the best alternative financial option, often considered in decision-making processes to evaluate different investment or business strategies.

Aggressive Strategy

A business or investment approach focused on high risk and high reward opportunities, aiming for maximum growth or return.