In the Formula, Performance = F, What Does F Stand

question 24

Multiple Choice

In the formula, Performance = f, what does f stand for?

• A) wants x needs
• B) ability minus motivation
• C) ability x motivation
• D) wants minus needs

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Definitions:

Net Income

The net income of a business following the subtraction of all costs and taxes from its earnings.

Absorption Costing

A costing method that integrates all expenses related to the manufacturing process, including direct materials, direct labor, and overhead costs, both variable and fixed, into the final product cost.

Required Rate

Often refers to the minimum expected rate of return on an investment, taking into account the risk level.

Markup

The amount added to the cost of a product to cover expenses and profit, resulting in the selling price.