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The General Manager (Scenario)
Jamal is the general manager of a production facility. In a routine day, Jamal might meet with city officials or civic leaders about environmental issues, due to the plants presence in the community. After these meetings, he will then meet with the plant's functional managers to discuss the concerns expressed by the city representatives. Other times, Jamal might meet with the production manager, Basma, and the human resource manager, Rana, to discuss a complaint filed by one of the employees in a production department. Jamal might also spend time on the Internet looking for new technologies that can be used in the production processes of his plant.
-When Jamal spends time on the Internet looking for new technologies that can be used in the production processes of his plant, he is performing which management role?
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.
Hedge
An investment made to reduce the risk of adverse price movements in an asset, typically involving taking an offsetting position in a related security.
Spot Rate
The current price at which a particular currency can be bought or sold for immediate delivery.
Adjustment
An entry made in the accounts to correct a mistake or account for a transaction not reflected in the current financial statements.
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