Top-Level Managers Focus on

question 113

Multiple Choice

Top-level managers focus on

• A) Long-term survival of an organization.
• B) Translating goals and objectives into specific activities.
• C) Managing frontline managers.
• D) Supervising nonmanagement employees.
• E) Initiating new daily activities.

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Definitions:

Trade Agreement

A contractual arrangement between countries regarding their trade relationships and tariffs.

Microeconomics

Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise.

Benefit

The advantage or profit gained from something.

Absolute Advantage

The ability of a country, individual, or firm to produce a good more efficiently than another entity using the same amount of resources.