A Functional Manager

question 141

Multiple Choice

A functional manager:

• A) coordinates employees and other resources across several functional departments to accomplish a specific task.
• B) supervises the activities of several departments that perform different activities.
• C) supervises activities in areas such as marketing, operations/production, finance/accounting, and human resources/personnel management.
• D) supervises nonmanagement operative employees only.

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Definitions:

Output

The quantity of products or services produced by a company, a sector, or an economy within a specified period.

Profit

The profit made when the income from a business operation surpasses the expenditures, costs, and taxes required to maintain that operation.

Zero Marginal Cost

Zero marginal cost describes a situation where producing one additional unit of a good or service does not increase the total cost of production.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, which are incurred regardless of the quantity produced.