The Level in an Organization Where Top Management Directs Overall

question 97

Multiple Choice

The level in an organization where top management directs overall strategy for the entire organization is referred to as the

• A)corporate level.
• B)functional level.
• C)directive level.
• D)strategic level.
• E)tactical level.

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Definitions:

Economic Theories

Conceptual frameworks explaining how economies function and the relationships between different economic agents and factors.

Economic Policy

Strategies and decisions by a government or organization aimed at achieving specific economic aims, such as controlling inflation, reducing unemployment, or promoting growth.

Capital Goods

Assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Investment

Expenditures that increase the volume of physical capital (roads, factories, wireless networks) and intangible ideas (formulas, processes, algorithms) that help to produce goods and services. Also known as economic investment. Not to be confused with financial investment.