Which of the Following Is NOT a Type of Direct

question 27

Multiple Choice

Which of the following is NOT a type of direct primary?

• A)Closed
• B)Open
• C)Caucus
• D)Top-Two Blanket

Identify the steps involved in managerial decision-making.

Understand the concept of opportunity cost in decision making.

Differentiate between different types of costs (fixed, variable, relevant, sunk) and their relevance to decision-making.

Understand the concepts and mechanics of interest rate swaps as tools for managing financial risk.

---

Definitions:

Manager

A person responsible for controlling or administering an organization or group of staff.

Centralisation

The organizational structure where decision-making authority is concentrated at the top levels of management, often resulting in a hierarchy of power.

Decentralisation

Decentralisation is the dispersion of authority to make decisions throughout all levels of the organisation.

Managerial Advice

Guidance or recommendations provided by someone in a supervisory role, intended to improve an individual's or team's performance and decision-making.