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Jean Owns and Manages a Custom Woodworking Business

question 105

Multiple Choice

Jean owns and manages a custom woodworking business. She and her staff of four craftspeople work informally together, and each worker tends to make decisions in an independent (decentralized) manner. Jean's business is a ________ operation.


Definitions:

Corporate Executives

Senior management or high-level officers in a corporation who are responsible for making company-wide decisions.

Bonuses

Additional financial compensation awarded to employees or individuals beyond their normal earnings.

Cost Centers

Departments or segments within an organization that do not directly generate revenue but incur costs, such as human resources or research and development.

Profits

The financial gain made in a transaction or business operation after accounting for all expenses.

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