Which of the Following Statements Is Most Likely True About

question 15

Multiple Choice

Which of the following statements is most likely true about frontline managers in organizations?

• A) They supervise and coordinate the activities of operating employees.
• B) They officially represent the organization in the external environment.
• C) They are responsible for implementing the policies and plans developed by top management.
• D) They establish the organization's operating policy.

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Definitions:

Allocation of Resources

The process by which resources are distributed for the production of goods and services within an economy.

Government Intervention

Regulatory actions taken by a government in order to affect decisions made by individuals, groups, or organizations within its economic systems.

Excludable

A characteristic of a good or service that allows the owner or provider to prevent others from using it without permission.

Rival

A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.