Jack Is the Business Head at Micron Computers

question 54

Multiple Choice

Jack is the business head at Micron Computers.The firm has set its revenue target for the year at $5 million.Jack will have to ensure that this financial target is met by overseeing the performance of the firm's various departments,and providing necessary direction and guidance.In this scenario,Jack has a ________.

• A)general responsibility
• B)specific responsibility
• C)operational responsibility
• D)latent responsibility
• E)tactical responsibility

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Definitions:

Units-Of-Production Method

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.

Scrap Value

Scrap Value is the estimated residual value of an asset at the end of its useful life, representing what can be recovered from selling the asset as scrap or for parts.

Straight-Line Method

A method of calculating depreciation of an asset where the expense is evenly distributed over its useful life.

Scrap Value

The estimated resale value of an asset at the end of its useful life, often considered when calculating depreciation.