Don Sakaguchi, Manager at Control Systems, Inc

question 97

Multiple Choice

Don Sakaguchi, manager at Control Systems, Inc., sighs as he sips his coffee at 5 A.M. and reads his agenda for the day. Don's first duty is to preside over a retirement party for a beloved employee and say a few words on her behalf. Next, he will give a tour to a news reporter who is writing a story on the new plant expansion. Don then has a meeting with the unit manager, Phil Johnson, to discuss Phil's recent performance drop (a task Don always hates) . Finally, in the late afternoon, Don will be reviewing the recent equipment malfunction and deciding whether to deploy extra people to get the equipment running as soon as possible. What a day!
-What kind of a manager is Don likely to be?

• A)first-line manager
• B)CEO of a major corporation
• C)low-level middle manager
• D)plant manager

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Definitions:

Delta

In finance, it's a ratio that compares the change in the price of an asset, usually a marketable security, to the corresponding change in the price of its derivative.

Underlying Asset

The financial asset upon which a derivative's price, such as an option or future, is based.

Net Requirements

The total demand for a product or component minus the inventory already on hand or on order, used in manufacturing and inventory management.

Gross Requirements

The total amount of materials or components needed to fulfill production or sales orders, before considering inventory on hand or scheduled receipts.