Which of the Following Best Describes Stacey's Position as a Functional

question 148

Multiple Choice

Which of the following best describes Stacey's position as a functional manager?

• A) She is responsible for several departments that perform different functions.
• B) She organizes people across departments to perform a specific task.
• C) She is responsible for a self-contained division and all the departments within it.
• D) She supervises employees with similar training and skills.
• E) None of these

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Definitions:

ROE

Return on Equity; a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how much profit a company generates with the money shareholders have invested.

Debt

Debt represents money borrowed by one party from another, under the condition that it is to be paid back with interest, typically used for business operations or purchases.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its sales volume.

Labor-saving Equipment

Tools or machinery designed to reduce the amount of labor needed to perform a job, often leading to enhanced efficiency and lower labor costs.