The Type of Manager Who Is Concerned with Long-Range Planning

question 35

True/False

The type of manager who is concerned with long-range planning and decisions is an operations manager.

---

Definitions:

Salvage Value

The projected remaining worth of an asset upon reaching the end of its operational lifespan, utilized to determine depreciation.

Lump-sum

A single payment made at a particular time, as opposed to several smaller installment payments.

Individual Assets

Specific items of property owned by an individual or entity, including tangible and intangible assets.

Straight-line Depreciation

A technique for distributing the expense of a physical asset across its lifespan in uniform yearly sums.