Which of the Following Is True of Top Managers

question 80

Multiple Choice

Which of the following is true of top managers?

• A) They are responsible for finding the best way to organize human and other resources to achieve organizational goals.
• B) They are responsible for daily supervision of the nonmanagerial employees who perform the specific activities necessary to produce goods and services.
• C) They find ways to help first-line managers and nonmanagerial employees better use resources to reduce manufacturing costs or improve customer service.
• D) They have cross-departmental responsibility.
• E) They are responsible for a single department.

---

Definitions:

Bond Indenture

A legal contract detailing the terms and conditions under which bonds are issued, including the interest rate, maturity date, and other conditions.

Time Premium

The portion of an option's price that exceeds its intrinsic value, reflecting the value of time left until expiration.

Exercise Price

The price at which an option holder can buy or sell the underlying security.

American Put

A type of put option that can be exercised at any time before its expiration date, giving the holder the right to sell the underlying asset at the strike price.