In a Business Hierarchy,which of the Following Levels Is Responsible

question 91

Multiple Choice

In a business hierarchy,which of the following levels is responsible for monitoring the daily activities of the business?

• A)Middle management
• B)Service workers
• C)Production management
• D)Operational management
• E)Knowledge workers

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Definitions:

Lower Opportunity Cost

The advantage of choosing an option that has a relatively smaller loss of potential gain from other alternatives.

Trade

The exchange of goods and services between people or entities, often involving the transfer of money.

Goods

Tangible products that satisfy human wants and provide utility, which people buy and use.

Prices

The cost of acquiring a product or service, influenced by elements like market supply and consumer demand.