The Level in an Organization Where Top Management Directs Overall

question 136

Multiple Choice

The level in an organization where top management directs overall strategy for the entire organization is referred to as the

• A)corporate level.
• B)functional level.
• C)directors' level.
• D)strategic level.
• E)tactical level.

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Definitions:

Credit Balance

The amount that appears on the right side of a ledger account, indicating that a liability has increased or an asset has decreased.

Debt Ratio

The debt ratio is a financial ratio that compares a company's total debt to its total assets, indicating the proportion of a company's funding that comes from debt.

Total Assets

Total assets refer to the sum of all current and non-current assets owned by a company, reflecting the total resources available for use.

Total Liabilities

Total liabilities refer to the sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgages.