Which of the Following Levels of Management Would Have the LEAST

question 13

Multiple Choice

Which of the following levels of management would have the LEAST responsibility?

• A) Supervisory management.
• B) Middle management.
• C) Top management.
• D) Chief executive officer.

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Definitions:

Periodic System

An inventory system where updates to inventory levels are made periodically, as opposed to continuously.

Voucher Systems

A control and documentation system used in accounting to process and monitor transactions.

Net Method

An accounting method where discounts for early payment are assumed to be taken and sales or purchases are recorded at their net of discount values.

Purchases Discount

Purchases discount is a reduction in the price paid for goods or services, often granted to a buyer when payment is made within a specified period.