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:

Accounts Payable

Obligations a company has to pay off in the near future to its suppliers or creditors, usually within one year.

Inventory

The total amount of goods, materials, and products held by a company for the purpose of sale or production, representing both a current asset and an integral part of the supply chain.

Retained Earnings

The portion of net income that is not distributed as dividends to shareholders, but retained by the company for reinvestment.

Notes Payable

Short-term or long-term liabilities representing amounts the company owes because it has issued promissory notes.