__________ Have an Increasingly Important Role in Top Management Because

question 41

Multiple Choice

__________ have an increasingly important role in top management because of their ability to think strategically, bringing with them to the job multi-industry backgrounds, cross-functional management expertise, analytical skills, and intuitive marketing insights.

• A)Chief marketing officers (CMOs)
• B)Chief financial officers (CFOs)
• C)Chief executive officers (CEOs)
• D)Chief human resource officers (CHROs)
• E)Chief operating officers (COOs)

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Definitions:

Variable Cost

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Monthly Profit

The total revenue of a business minus the total expenses for the month, indicating the financial gain.