Middle management in the context of levels of management

Assignment Help Business Economics
Reference no: EM131004755

1. Which of the following statements is true about the middle management in the context of levels of management?

a) It comprises the president and other top executives, such as the chief executive officer and chief financial officer.

b) It comprises positions such as foreman, supervisor, and office service manager.

c) It involves taking the overall responsibility of a company.

d) It is responsible for tactical planning that will implement the general guidelines established by top management.

e) It deals with the supervision of workers and the daily operations of the organization exclusively.

2. A(n) _____ manager is responsible for planning, pricing, and promoting products and making them available to customers through distribution.

a) HR

b) financial

c) marketing

d) IT

e) administrative

3. Implementing, maintaining, and controlling applications in business, such as computer networks, is the responsibility of:

a) production and operations management.

b) personnel management.

c) financial management.

d) information technology management.

e) administrative management.

4. _____ plans establish long-range objectives and an overall course of action by which a firm fulfills its mission.

a) Tactical

b) Intermediate

c) Operational

d) Contingency

e) Strategic

Reference no: EM131004755

Questions Cloud

Fairly inelastic in short run and more elastic in long run : Consumer demand for oil—including oil in the form of both gasoline and home heating oil—is fairly inelastic in the short run and more elastic in the long run. In the short run, will a shift in the supply of oil (say, caused by a disruption in Mideast..
Lot of activity within the international trade arena : Today we see a lot of activity within the international trade arena as the U.S. trade deficit has soared to a record high. Trade is designed to create bigger market opportunities, so why is the balance of trade so out of balance for the U.S.? Is it b..
Detailed schedule for training new employees : Elvin, a manager at a breakfast cereal company, is faced with the problem of a reduction in sales. After a lot of analysis, Elvin has come up with two courses of actions. He is now contemplating whether to improve packaging or offer discounts to boos..
Real rate of return on investment : Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. What was Jean’s real rate of return on this investment?
Middle management in the context of levels of management : Which of the following statements is true about the middle management in the context of levels of management? A(n) _____ manager is responsible for planning, pricing, and promoting products and making them available to customers through distribution...
Importance of international economic policy coordination : In regards to CANADA explain the importance of international economic policy coordination for the world’s financial system AND identify the problems confronting international economic policy coordination
The amount of money a person must deposit : The amount of money a person must deposit 3 years from now in order to withdraw $10,000 per year for 10 years beginning 15 years from now at an interest rate of 10% per year is closest to:
Account paid interest : Your friend withdrew $630,315 from an account into which she had invested $350,000. If the account paid interest at 4% per year, she kept her money in the account for how many years?
From purely economic standpoint-evaluate success of business : Jason has long wanted to drive as an independent trucker, but the rental price for the truck Jason wanted is $6,000 per month and that was more than he could afford. For his 30th birthday, Jason’s father bought Jason the truck as a gift.  What are Ja..

Reviews

Write a Review

Business Economics Questions & Answers

  Based on your understanding of the gains from trade

Based on your understanding of the gains from trade, do you think which these payoffs actually reflect a nation's welfare under the four possible outcomes.

  Q1 explain why the following situations would occur in

q1. explain why the following situations would occur in terms of the factors that affect elasticity.a demand for

  Restaurant is planning sweatshirt advertising promotion

Casa della Maison Restaurant is planning a sweatshirt advertising promotion. Limited sales data from a few sweatshirt sales of a prototype design indicate that What price would it have to charge to sell 1,500 sweatshirts. Calculate the price elastici..

  Demand for monopolistically competitive firms product

Would you expect the demand for a monopolistically competitive firm’s product to be more or less elastic than that for a monopolist’s product? Explain.

  Pair-wise hypothesis tests

Suppose that we are testing whether five population means are equal to each other. We would normally use ANOVA for that, but suppose that we carry out separate hypothesis tests in which we compare the five means to each other, two at a time. Using a ..

  Demand function-what is the price elasticity of demand

Suppose you have a demand function given by: Q = 360 ? 2P. What is the price elasticity of demand when the price is P = $20? You will have to use the point elasticity formula.

  Capital market at an interest rate

You’ve just won the state lottery and will receive 20 annual payments of $70,000, with the first payment arriving 1 year from today. It is easy for you to borrow or lend on the capital market at an interest rate of 8% per year. If someone offered to ..

  Illustrate what president roosevelt might have

Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply

  What is the equilibrium level of income

Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 220 of your text. Set up only the first two columns (1) and (2)...

  According to the benefit principle of taxation

Abe, Betty and Charlie are the only three students in my graduate Public Finance class and I am trying to determine how many office hours to hold per week for this class. according to the benefit principle of taxation. What would I charge each studen..

  Running a bake sale and increase the price

If you are running a bake sale and increase the price of your cupcakes from 1$ to 2$ what will happen

  Should you proceed or back out of this transaction

What is the economic profit/loss associated with this order if you proceed? Should you proceed or back out of this transaction?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd