At Which Level of an Organization Do Managers Develop Overall

question 141

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 these

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Definitions:

Primary Users

The main audience or recipients of financial reports, typically considered to be existing and potential investors, lenders, and other creditors.

Capital Projects Fund

A governmental accounting fund used to account for financial resources set aside for the acquisition or development of major capital assets.

Governmental Fund Financial Statements

Financial reports that focus on the sources, uses, and balances of governmental funds and provide insight into fiscal accountability.

Proprietary Funds

Funds used by a governmental entity to account for activities similar to those found in private businesses, where the determination of net income, financial position, and changes in financial position is necessary.