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:

Labor

Labor represents the human effort, both physical and mental, used in the production of goods and services.

Capital

Financial assets or the financial value of assets, such as cash and goods, working to produce further wealth or used in the production of goods and services.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to specialized production and trade.

Production Possibilities

Different mixtures of products and services that an economy can generate with its current resources and technological capabilities.