Which of the Following Statements Most Accurately Describes the Operational

question 82

Multiple Choice

Which of the following statements most accurately describes the operational level of management?

• A) Composed of a board of directors and an executive committee of the CEO and top executives who develop overall organizational goals, strategies, policies, and objectives as part of a strategic planning process
• B) Composed of self-directed teams and middle managers, who develop short-and medium-range plans, schedules, and budgets
• C) Composed of self-directed teams or supervisory managers who develop short-range plans, according to procedures and within the budgets and schedules established for the teams and other workgroups of the organization
• D) None of the choices are correct.

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Definitions:

Agency Relationship Law

Legal principles that govern the relationship between an agent, who acts on behalf of another person (the principal), and the principal, detailing duties, rights, and liabilities.

Actual Notice

Directly being informed about something or being aware of a fact or situation.

Constructive Notice

A legal concept that assumes a person is aware of facts, notices, or documents even if they are not physically present, often used in property law to signify recorded documents.

Agency Coupled With Interest

An agency coupled with an interest is a situation in which an agent has been given rights or property interest in the subject matter of the agency, making the agency irrevocable for a specified period.