A High-Level Person in Charge of Planning for and Overseeing

question 45

Multiple Choice

A high-level person in charge of planning for and overseeing efforts to control the management of all the risks an organization faces is called a:

• A)physical distribution manager.
• B)production manager.
• C)risk manager.
• D)bureaucratic control.

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Definitions:

Estimated Useful Life

The expected period over which an asset is anticipated to be usable by a company.

Obsolescence

The process of an asset, product, or technology becoming outdated or no longer used, often due to advancements in technology or changes in consumer preferences.

Useful Life

The estimated duration that an asset is expected to be functional and economically feasible for use in operations, affecting depreciation calculations.

Outdated

Refers to information, technology, or methods that are no longer current, useful, or in use.