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:

Market Period

The short timeframe in which the supply of a good is fixed, typically because production cannot be adjusted quickly in response to changes in demand.

Dog Kennels

Structures or shelters for housing dogs, can be residential for private use or commercial for boarding.

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Sports Bar

A bar or tavern that provides a venue for people to watch sporting events, often equipped with multiple large-screen televisions.