The ________ Manager Makes Low-Level Decisions by Following a Well-Defined

question 46

Multiple Choice

The ________ manager makes low-level decisions by following a well-defined set of routine procedures.

• A) operational
• B) tactical
• C) strategic
• D) principal

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Definitions:

Return

The profit or loss derived from an investment.

Free Floating Exchange Rate System

A currency system where the value of a country's currency is determined by the supply and demand for the currency in the foreign exchange market, without direct government control.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in.

Billion

A numerical value equal to 1,000 million in the short scale and 1,000,000 million in the long scale.