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Top Managers Devote Most of Their Time to Developing Long-Range

question 139

True/False

Top managers devote most of their time to developing long-range plans for their organizations.


Definitions:

Internal Centralized

A management structure where decisions are made by a few key individuals or a central body within the organization.

Support Department

A segment within an organization that does not directly add to profit but provides essential services for other departments.

Profit Center

A segment or department within a business that is responsible for generating its own revenue and profit, assessed separate from other areas of the company.

Revenues

The total amount of money received by the company for goods sold or services provided during a certain time period.

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