Which of the Following Statements Most Accurately Describes the Operational

question 82

Multiple Choice

Which of the following statements most accurately describes the operational level of management?

• A) Composed of a board of directors and an executive committee of the CEO and top executives who develop overall organizational goals, strategies, policies, and objectives as part of a strategic planning process
• B) Composed of self-directed teams and middle managers, who develop short-and medium-range plans, schedules, and budgets
• C) Composed of self-directed teams or supervisory managers who develop short-range plans, according to procedures and within the budgets and schedules established for the teams and other workgroups of the organization
• D) None of the choices are correct.

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Definitions:

Statement Of Cash Flows

Reports the impact of a firm’s operating, investing, and financing activities on cash flows over an accounting period.

Net Before-Tax Operating Income

Earnings generated from a company's core business operations before taxes and non-operating costs are deducted.

Net Fixed Assets

The total value of a company’s property, plant, and equipment minus depreciation, representing the tangible assets used in operations.

Income Statements

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.