Which of the Following Statements Best Describes the Role of Managers

question 43

Multiple Choice

Which of the following statements best describes the role of managers?

• A)The role of managers is to set organizational goals.
• B)The role of managers is to delegate responsibilities and ensure that organizational goals are met.
• C)The role of managers is to monitor activities and employees to ensure that organizational goals are met.
• D)The role of managers is to reward and punish employees to ensure that organizational goals are met.
• E)The role of managers is to work with and through other people, allocating resources, in the effort to achieve organizational goals.

---

Definitions:

Cost of Goods Sold

Costs directly tied to the creation of products sold by a company, encompassing both materials and labor expenses.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their cash resources.

Budgeted Cash Disbursements

An estimate of all cash payments that a business plans to make over a specific period, including expenses, purchases, and other payouts.

Selling and Administrative Expense Budget

A detailed plan that estimates the expected selling and administrative expenses for a company over a specific period, helping in the management and planning of overhead costs.