Which of the Following Is True of Top Managers

question 74

Multiple Choice

Which of the following is true of top managers?

• A)They are often called supervisors.
• B)They are responsible for daily supervision of the nonmanagerial employees.
• C)They spend more time leading and controlling than planning and organizing.
• D)They do not establish organizational goals.
• E)They have cross-departmental responsibility.

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Definitions:

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.

Disbursements Method

A financial accounting method that records the cash disbursements or payments made by a business.

Schedule B

In tax documentation, Schedule B is often used to report interest and dividend income exceeding certain threshold amounts set by tax authorities.

Taxable Interest

Interest income that is subject to income tax, including interest from savings accounts, bonds, loans, and certificates of deposit.