Ben White Is the Manager of a Retail Store

question 63

Multiple Choice

Ben White is the manager of a retail store.His work typically includes the routine,day-to-day interactions with customers and,once in a while,solving a customer's problem or dealing with a dissatisfied customer.Additionally,he has to keep track of inventory and issue an order for additional inventory with levels below a specified level.Ben is a(n) ________ level manager.

• A) operational
• B) tactical
• C) strategic
• D) managerial
• E) executive

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Definitions:

Treasury Bills

Short-term government securities with maturation periods of one year or less, considered a safe and liquid investment option.

Opportunity Costs

The cost of missing out on the next best alternative when making a decision.

Cash Balance

The amount of cash a company has available at any given time, including bank balances and cash on hand.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits that could have been received but were given up to take another course of action.