In a Business Hierarchy,the Level Responsible for Monitoring the Daily

question 55

Multiple Choice

In a business hierarchy,the level responsible for monitoring the daily activities of the business is

• A)middle management.
• B)service workers.
• C)production management.
• D)operational management.

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Definitions:

Gross Margin

Revenue less cost where cost is spending closely associated with production. Stated in dollars or as a percent of revenue. A fundamental measure of a business’s strength.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Dividends

Monetary distributions from a company to its shareholders, often based on the profits of the business.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from total revenues.