Identify the Attribute That Is NOT Normally Associated with the Job

question 15

Multiple Choice

Identify the attribute that is NOT normally associated with the job of functional manager.

• A)The functional manager is usually a generalist in the area being managed.
• B)The functional manager is responsible for deciding what resources will be devoted to accomplishing the task.
• C)The functional manager is administratively responsible for deciding how something will be done.
• D)The functional manager is responsible for deciding who will do the work.

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Definitions:

MC

Marginal Cost; the cost added by producing one additional unit of a product or service, essentially the cost of producing one more of something.

Break-Even

The juncture where the overall expenditures match the total income, resulting in neither a profit nor a loss.

Economic Profits

Profits exceeding the opportunity costs of all resources used, including both explicit and implicit costs.

Accounting Profits

The difference between total revenues and explicit costs, representing the net income a company reports on its financial statements.