The Person Hired by a Corporation's Board of Directors to Run

question 30

Multiple Choice

The person hired by a corporation's board of directors to run the day-to-day operations of the corporation is known as the

• A)chairman of the board.
• B)chief executive officer.
• C)owner-manager.
• D)corporate governor.

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Definitions:

Aggregate Decisions

Aggregate Decisions are strategic choices made at the corporate or strategic business unit level, focusing on overall capacity, investment, and long-term resource allocation.

SKU-Level Decisions

involves making strategic choices about product stocking, pricing, promotions, and inventory management at the specific stock keeping unit (SKU) level.

Forecasts

Predictions or estimates about future events, trends, or behaviors, often based on data analysis or modeling.

Flexibility

Flexibility in business operations refers to the ability to adapt to changes, modify schedules, and adjust processes quickly in response to new conditions or demands.