Organizational policies originate with top level of management and are disseminated to lower levels for implementation.
Top level of management consists of an organization’s board of directors and the chief executive or the managing director of the company.
It is the ultimate source of power and authority because it oversees the goals or policies, and procedures of a company. Main priority of the top level management is on the strategic planning and execution of the overall business success.
The roles and responsibilities of the top level of management can be summarized as given below:
To lay down the objectives and the broad policies of the business enterprise.
To issue necessary instructions for the preparation of department-specific budgets, as well as schedules or procedures, etc.
To preparing strategic plans and policies for the organization.
To establish controls of all organizational departments.
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C makes more sense than the others :((. Hope it helps
Answer:
Break-even point in units= 1,248,000
Explanation:
Giving the following information:
Unitary contribution margin= 9 - 7.35= $1.65
Fixed costs= $507,200
Desired profit= $1,552,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (507,200 + 1,552,000) / 1.65
Break-even point in units= 1,248,000
Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
