What Do Managers Do to Regulate Routine Activities

question 52

Multiple Choice

What do managers do to regulate routine activities?

• A)They create a mission statement.
• B)They establish rules and guidelines.
• C)They create cross-functional teams.
• D)They facilitate a strong organizational culture.

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Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Depreciation

The systematic reduction in the recorded cost of a fixed asset over its useful life.

Quick Ratio

A financial metric that measures a company's ability to meet its short-term obligations with its most liquid assets; also known as the acid-test ratio.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer.