One of the Best Attributes of Francois in the Eyes

question 109

Multiple Choice

One of the best attributes of Francois in the eyes of his employees is that he gives them the authority to carry out specific duties; this allows the employees to make some decisions on their own.This is known as

• A)passing the buck.
• B)chain of command.
• C)giving orders.
• D)delegation.
• E)groupthink.

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Definitions:

Break-even Sales

The amount of revenue required to cover all fixed and variable expenses associated with producing and selling a product.

Dollars

A unit of currency used in various countries, including the United States, associated with financial transactions, savings, and debts.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit, but before deducting interest and taxes.

Operating Income

The income earned from a firm's core business operations, excluding deductions of interest and taxes.