Selected Employees Who Work as Assistants to Higher-Level Managers and Participate

question 148

Multiple Choice

Selected employees who work as assistants to higher-level managers and participate in managerial functions are given such titles as

• A) second in command.
• B) benefactor.
• C) underwriter in process.
• D) understudy.

---

Definitions:

Gross Investment

The total amount of capital expenditure a company spends on maintaining and increasing the scope of its operations.

Net Investment

The total spending on new fixed investment minus depreciation on existing physical assets.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value due to use, wear and tear, or obsolescence.

Disposable Income

The net income available to an individual or household for saving or spending after income taxes have been deducted.