Luxe Slumber Is a Company That Produces High-Quality Mattresses

question 20

Multiple Choice

Luxe Slumber is a company that produces high-quality mattresses. Omar, the CEO, makes all the business deals for the company. He negotiates with suppliers and gets new customers and business for the company. Charles communicates his vision for the company and what he would like it to achieve to Ana, who lays out plans to make possible the execution of that vision. Ana delegates the work accordingly by communicating to the sales and production managers Omar's vision and what he requires of them. Irving, a floor manager, makes sure that the workers do their jobs at the required pace to meet the targets and goals of the company.Irving, the floor manager, is a ________ manager.

• A)strategic
• B)tactical
• C)middle
• D)top-level
• E)frontline

---

Definitions:

Farm Division

A specialized unit or sector within a company or organization focused on agriculture and farming activities.

Net Operating Income

The income generated by a company's activities, after deducting the costs of operations from the revenue obtained.

Variable Costing

A bookkeeping approach that incorporates solely the variable costs of production (such as direct materials, direct labor, and variable manufacturing overhead) into the cost of goods sold while omitting fixed manufacturing overhead.

Contribution Format

A method of organizing the income statement where variable expenses are deducted from sales to show the contribution margin, highlighting the variable costs and fixed costs separately.