The Specialized Work of Making Decisions Designed to Maintain the Organization

question 34

Multiple Choice

The specialized work of making decisions designed to maintain the organization in operation belongs to ________.

• A)executives
• B)upper level managers
• C)midlevel managers
• D)supervisory managers
• E)line officers

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Definitions:

Calls

In finance, refers to an agreement that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period.

Step-Variable Cost

Costs that remain fixed over a specific range of production or activity, but jump to a higher level once a certain threshold is exceeded.

Fixed Cost

Expenses that do not change with the level of output or sales, such as rent or salaries.

Mixed Cost

Expenses that contain both fixed and variable components and change in total with the level of activity but not proportionately.