The Basic Difference Between Line Managers and Staff Managers Is

question 43

Multiple Choice

The basic difference between line managers and staff managers is that:

• A) line managers tend to be better educated.
• B) staff managers have more decision power.
• C) staff managers are older, more decisive, but less well educated.
• D) line managers have decision-making power.

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Definitions:

Accounting Equation

A fundamental principle of accounting that states assets equal liabilities plus owners' equity, representing the financial position of a business.

Profit-And-Loss Financial Statement

A financial report that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year, indicating the company’s profit or loss.

Statement Of Retained Earnings

A financial document that outlines the changes in retained earnings for a company over a specific period, showing how much profit is reinvested in the business or distributed to shareholders.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.