Which of the Following Statements About Managers Is Incorrect

question 64

Multiple Choice

Which of the following statements about managers is incorrect?

• A) Top-level managers make long-term decisions.
• B) Lower management makes operational decisions.
• C) Operational managers make analytical decisions.
• D) Middle-level managers make tactical decisions.

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period of time.

Valuation Allowance

An accounting practice that reduces the value of a deferred tax asset if it is likely that the asset may not be fully utilized.

Adjusted From

A term used to indicate the process of making modifications or changes to financial or other data for the purpose of providing a clearer picture of a situation or condition.

Significant Influence

The ability of a shareholder or an entity to shape the financial and operating policies of another company without having control over it.