Which One of the Following Statements Is Correct Concerning the Organizational

question 62

Multiple Choice

Which one of the following statements is correct concerning the organizational structure of a corporation?

• A) The vice president of finance reports to the chairman of the board.
• B) The chief executive officer reports to the board of directors.
• C) The controller reports to the president.
• D) The treasurer reports to the chief executive officer.
• E) The chief operations officer reports to the vice president of production.

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Definitions:

Insignificant Point Of Difference

An Insignificant Point Of Difference refers to a feature or aspect of a product or service that is not enough to distinguish it significantly from its competitors.

Market Attractiveness

The degree to which a market segment is appealing to a company, based on factors like size, growth, profitability, and competition.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically referred to as the four Ps: product, price, place, and promotion.

NIH Barriers

Stands for "Not Invented Here" barriers, a term referring to the reluctance or inability of a company to accept or adopt innovations or solutions developed outside its own boundaries.