The Following Are Responsibilities of Top Managers, Except_________

question 22

Multiple Choice

The following are responsibilities of top managers, except_________.

• A)managing major parts of an organization
• B)developing an organization's purpose
• C)executing organization's strategies
• D)developing an organization's objectives

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Definitions:

Merchantable Quality

A condition implying that the goods are of a quality suitable for sale to a customer under the sale of goods legislation.

Inherent Defect

A flaw or imperfection in a product that exists due to its nature or design, not because of external factors.

Seller's Lien

A legal right or interest that a seller holds in the sold goods until the full purchase price is paid by the buyer, often used as a form of security.

Sale of Goods Act

A law regulating the sale of goods, providing rights, duties, and obligations of both buyers and sellers, ensuring fairness in transactions.