Which Level of Management Is Responsible for Short-Term Planning and Coordination

question 32

Multiple Choice

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

• A)operations management
• B)middle management
• C)top management
• D)line management

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Definitions:

Variable Costing

A costing method that includes only variable costs—those that change with production volume—in product pricing and decision-making.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.

Contribution Margin Ratio

The ratio of contribution margin to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and provide profit.