Which Level of Management Is Responsible for the Overall Performance

question 27

Multiple Choice

Which level of management is responsible for the overall performance and effectiveness of the firm?

• A) top managers
• B) first-line managers
• C) middle managers
• D) supervisory managers
• E) human resource managers

---

Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back in the future.

Vanguard 500 Index Fund

A mutual fund that aims to replicate the performance of the S&P 500 Index, providing investors with broad exposure to 500 of the largest U.S. companies.

S&P 500

A financial index measuring the performance of the top 500 large-cap companies on U.S. stock exchanges.

Market Value Weight

An investment strategy that involves constructing a portfolio where each asset is weighted according to its market capitalization.