When We Say That the Top Managers of an Organization

question 7

Multiple Choice

When we say that the top managers of an organization are responsible for the performance of all of the departments of the organization,this is another way of saying that they have:

• A)restructuring responsibilities
• B)technical responsibilities
• C)global responsibilities
• D)cross-departmental responsibilities
• E)competitive responsibilities

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Definitions:

T-bond Futures

Financial contracts obligating the buyer to purchase U.S. Treasury bonds at a specified price at a future date, used for hedging and investment purposes.

Cross-hedge

A hedging strategy using a contract that has price movements correlated with, but not identical to, the asset being hedged.

Long Futures Contract

An agreement to buy a particular commodity or financial instrument at a predetermined price at a specified time in the future, indicating the buyer's bullish outlook.

Asset Price

The current market value or price at which an asset, such as a stock, bond, or commodity, can be bought or sold.