At Which Level of an Organization Do Managers Develop Overall

question 281

Multiple Choice

At which level of an organization do managers develop overall business strategies, goals, and objectives as part of the company's strategic plan?

• A)Operational level
• B)Managerial level
• C)Strategic level
• D)All of the above

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Definitions:

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales.

Capacity

The maximum amount that something can contain or produce.

Labour Costs

The total expenditures for hiring employees, including wages, benefits, taxes, and any other costs associated with employing labor.

Overhead Costs

Indirect expenses related to the operation of a business, such as rent, utilities, and administrative costs.