Functional Managers

question 53

Multiple Choice

Functional managers

• A) are responsible for the specific business functions or operations that constitute a company or one of its divisions.
• B) look at the overall picture of a corporation.
• C) have no strategic role.
• D) formulate generic strategies.
• E) execute business-level decisions.

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Definitions:

Advertising Campaign

A series of advertisement messages that share a single idea and theme aimed at reaching a particular audience.

Net Operating Income

The earnings a business achieves following the removal of operational costs from the income earned through its activities.

Break-even Point

The break-even point is the level of production or sales at which total revenues equal total costs, resulting in no profit or loss.

Break-even

The point at which total revenues and total expenses are equal, resulting in no net loss or gain.