ABC Insurance Company Hired a Manager for Their Operations Team

question 13

Multiple Choice

ABC Insurance Company hired a manager for their operations team. The manager divided the job activities among his team members by examining the management system objectives, designating appropriate activities that must be performed to reach those objectives, designing specific jobs by grouping similar activities, and making specific individuals responsible for performing those jobs. Which of the following methods is the manager using to divide job activities?

• A) functional similarity
• B) overlapping responsibility chart
• C) process control
• D) centralization
• E) cash flow forecasting

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Definitions:

Blue Tile Roof

Typically, a roof covered with blue tiles, often associated with certain architectural styles and used for aesthetic and functional purposes.

Condition Precedent

A condition that must be satisfied before a contract may come into effect.

Purchase Agreement

A legal document outlining the terms and conditions of a sale of property, including price and terms of payment.

Necessary Funds

are the essential monetary resources required to achieve a specific objective or to meet obligations.