Top-Level Managers Are Responsible for All of the Following Except

question 6

Multiple Choice

Top-level managers are responsible for all of the following except

• A) the overall performance of the organization.
• B) formulating strategies.
• C) representing the organization in its dealings with other organizations.
• D) implementing policies.
• E) dealing with the external environment.

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Definitions:

Price Levels

The overall mean cost of the wide spectrum of goods and services in the economy.

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific time period at constant prices.

Depreciation

The gradual reduction in the economic value of the physical assets of a company due to wear and tear over time, or the loss in value of a currency.

NDP

Net Domestic Product; it calculates the total value of all goods and services produced within a country in a specific period minus depreciation.