The Revised Article 3 of the Uniform Commercial Code is called "Negotiable Instruments" rather

Contribution margin

a. is always the same as gross profit margin. b. excludes variable selling costs from its calculation. c. is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. d. equals sales revenue minus variable costs.

Which of the following is essential when a company management decides to develop a global strategy?

A) creating autonomous subsidiaries limiting the influence of the headquarters B) changing the balance of power from the headquarters to the global subsidiaries C) restricting subsidiaries from providing inputs into the strategic planning process D) shifting the control of the subsidiary operations from subsidiary to headquarters