Carol Has Worked for Centrum Springs,Inc

question 5

Multiple Choice

Carol has worked for Centrum Springs,Inc.,for many years and has now been given the opportunity to advance in the company.Her manager is retiring and hopes that Carol will take over for him.However,even though Carol is an experienced employee,there are many things that she still needs to learn.Carol has trained many new employees,but she has never held a management position.Carol needs to have a general understanding of what it takes to be a manager.
​There are many problems in Carol's department.There are no plans to fall back on in case the initial plan fails.Carol also will need to learn how to direct people in such a way that makes them want to do more than they absolutely have to.Carol feels that this is a great opportunity,and she is anxious to learn everything to be a great manager.She knows that if she performs well in this position,she will have the opportunity to move up the corporate ladder.
-Refer to Centrum Springs,Inc.Carol's usual duties represent which of these areas?

• A) Financial management
• B) Operations management
• C) Marketing management
• D) Human resources management
• E) Administrative management

Understand the effect of leverage on a firm's break-even point and operational fragility.

Analyze the interplay between cost structure, capital structure, and their effects on financial and operating leverage.

Understand the concepts of financial and operating leverage and their impacts on a firm's capital structure and cost structure.

Recognize the relationship between operating leverage and fixed and variable costs.

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Definitions:

Nominal Damages

Nominal damages are a small sum of money awarded to a plaintiff in a lawsuit, acknowledging that a legal right has been violated, but no substantial harm was suffered.

Tort

A non-criminal action causing damage or injury to another party, which subjects the wrongdoer to legal accountability through the system of torts.

Compensable Damages

Damages that a plaintiff can recover in a lawsuit, representing monetary compensation for loss or injury.

Punitive Damages

Monetary compensation awarded to a plaintiff, above and beyond actual damages, to punish the defendant for egregious conduct.