Which Statement About Middle Management Is TRUE

question 210

Multiple Choice

Which statement about middle management is TRUE?

• A)Middle management includes executives and vice presidents.
• B)Middle managers work with top managers and coordinate with peers to develop and implement action plans to accomplish organizational objectives
• C)Middle managers develop high-level action plans for implementation by people at lower levels in the organization.
• D)Middle managers do not have other managers reporting to them.
• E)Middle managers constitute the first level of an organization's hierarchy of authority.

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Definitions:

Oligopolistic Industries

Sectors characterized by a small number of large firms that have significant control over market prices and competition.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, design, and features.

Standardized Products

Goods that are made to specific standards to ensure consistency and uniformity, facilitating mass production and interchangeability across different brands or producers.

Homogeneous Oligopolists

A market structure where a few firms offer products or services that are similar in nature and hence are close substitutes for each other.