On a Basic Organizational Chart for a Company,the Finance Manager

question 96

True/False

On a basic organizational chart for a company,the Finance Manager would be on the third line,where the first line is the CEO and the second line contains titles such as Marketing Manager and Human Resources Manager.

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Definitions:

Variable Cost

A cost that changes in proportion to changes in the volume of activity, such as materials and labor directly involved in producing a product.

Machine Hour

A measurement of productive time, indicating how many hours a particular machine or piece of equipment has been operated.

High-low Method

In cost accounting, a strategy for estimating fixed and variable costs by looking at the peak and bottom activity levels.

Fixed Cost

An expense that does not change with an increase or decrease in the number of goods or services produced or sold.