Leslie Decided to Work for a Credit Union Rather Than

question 5

Multiple Choice

Leslie decided to work for a credit union rather than a traditional for-profit bank because she felt her values would overlap with those of a credit union, not a bank. This is an example of _____.

• A) organizational identification
• B) assimilation
• C) organizational poaching
• D) empowerment

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Cost-Volume-Profit Chart

A graphical representation that shows the relationship between a company's cost, production volume, and profits.

Variable Costs

Charges that adjust based on the volume of sales or production levels.