Which of the Following Is Not a Responsibility of Top

question 46

Multiple Choice

Which of the following is not a responsibility of top managers?

• A)Establish organizational goals
• B)Monitor how well middle managers are using resources to achieve goals
• C)Train new employees
• D)Carry out the organizational vision
• E)Decide how different departments should interact

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Definitions:

Financial Ratios

Quantitative measures derived from financial statement analysis used by investors and analysts to evaluate a company's financial health and performance.

P/E Ratio

The price-to-earnings (P/E) ratio is a valuation measure comparing the current share price of a company to its per-share earnings.

Market/Book Ratio

A financial ratio comparing a company's current market price to its book value, used to evaluate whether a stock is over or undervalued.

Average Collection Period

The average number of days it takes for a business to receive payments from its customers for invoices.