Staff Positions in an Organization

question 158

Multiple Choice

Staff positions in an organization

• A) support and assist the line positions.
• B) are superior to line positions.
• C) are less well-paid than line positions.
• D) are ways to employ past CEOs until they retire.

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Definitions:

Gross Margin

The difference between sales revenue and cost of goods sold, often expressed as a percentage, indicating the profitability of a company's core activities.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments based on its operating income.

Times Interest Earned

A financial ratio that compares a company's operating income before interest and taxes to its interest expenses, indicating how well it can cover interest payments with earnings.

Debt-To-Equity Ratio

A financial benchmark illustrating the relationship between the use of shareholder equity and debt in funding company assets.