On a Basic Organizational Chart for a Company,the Finance Manager

question 96

True/False

On a basic organizational chart for a company,the Finance Manager would be on the third line,where the first line is the CEO and the second line contains titles such as Marketing Manager and Human Resources Manager.

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Definitions:

Marginal Cost

The augmentation in cumulative costs linked with generating an extra unit of a product or service.

Average Cost

The overall expense of manufacturing split by the quantity of units made.

Rate of Return

The increase or decrease in value of an investment throughout a determined period, shown as a percent of the investment’s initial cost.

Natural Monopolies

A market situation where a single supplier, due to unique resources, technology, or economies of scale, can provide a product or service at a lower cost than any potential competitor.