Answer:
A.
Explanation:
The Contribution Margin Ratio is the ratio of contribution margin to sales revenue.
Contribution Margin Ratio = contribution margin / sales revenue
Contribution Margin = sales price - variable cost
If the sale price is increasing, and the variable cost remains the same, the contribution margin is going to increase.
Break even point shows the amount of sales volume where the total cost is equal to the company´s full income. The point where total costs are equal total revenue is known as the break even point.
If sales increase, and the costs remains the same, the break even point is going to decrease.
Answer:
1. 17.2%
2. 11.1%
Explanation:
From Fama and French (1992) research study, titled "The Cross‐Section of Expected Stock Returns," it was concluded that the stocks of firms within the highest decile of book-to-market ratios had an average annual return of 17.2%, while the stocks of firms within the lowest decile of book-to-market ratios had an average annual return of 11.1%
Hence, the correct answer is 17.2% and 11.1% respectively.
Answer:
B) Cross-Functional
Explanation:
A cross-functional team is a group of workmates from different functional departments who collaborate to achieve a common goal. Organization create cross-functional teams to work as a unit on a specific project. The teams are temporary and get dissolved once the project is completed.
Cross-functional teams help an organization get better results more quickly. The team is composed of experts from different sections which eliminates the need for too much internal consultations. The organization gets high-performance results due to the composition of the team.
Answer:
Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.
Explanation:
Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.
This scenario occurs in a purely competitive labor market.
In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.
