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2 years ago

11. Which of the following statements about the role of managers

1 answer:

6 0

The TRUE statement about the first (highest) level of management is 4. Managers spend most of their time planning for the future.

These managers are appointed by the owners of the business to act as agents in the interests of their principals. However, the ordering depends on the person. Sometimes, this first-level is assigned as the third-level, in reverse order.

This level of management is not necessarily involved in operational activities. The managers at this level do not constitute the greatest percentage of the workforce.

While first-level managers bear the responsibility for the success or failure of their company, they usually assign the function of overseeing business success and failure to the middle-level managers, who also supervise the lower-level managers.

Thus, the first-level of managers are the managers who plan for the future of the company.

Read more about the levels of managers in a company at brainly.com/question/14749711

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Explanation:

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3 years ago

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2 years ago

The demand for one of X Company’s products has declined in recent years. The product is manufactured using designated equipment

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Explanation:

In our case,

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3 years ago

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Answer:

$415,000

Explanation:

Following is the formula for cash flow:

Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance

CFO = Cash flow from operating activities

CFI = Cash flow from investing activities

CFF = Cash flow from financing activities

We can easily rearrange the formula to find CFO

Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO

or

CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance

Solution

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CFO = $415,000

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