Top-level Management
Core Characteristics
High level managers tend to have a substantial amount of experience, ideally across a wide variety of functions. Many high-level managers become part of an executive team by mastering their functional disciplines across various roles, becoming the Chief Operations Officer (COO), Chief Marketing Officer (CMO), Chief Technology Officer (CIO or CTO), Chief Financial Officer (CFO) or Chief Executive Officer (CEO).
Top management teams are also often industry experts, having a close association with the long term trajectory of the businesses they operate in. They often benefit from being charismatic, powerful communicators with a strong sense of accountability, confidence, integrity, and a comfort with risk.
Responsibilities
The primary role of the executive team, or the top-level managers, is to look at the organization as a whole and derive broad strategic plans. Company policies, substantial financial investments, strategic alliances, discussions with the board, stakeholder management, and other top-level managerial tasks are often high-risk high return decision-making initiatives in nature. Top-level management roles are therefore often high stress and high influence roles within the organization.
Deffered Revenues, will not increase or decrease the fund balance of general fund during the fiscal year, as it is revenue which has not been earned yet, and cannot be shown as incomes in the Income statement, thus it is a liability which will be due if the service is not complete.
Other financing sources may increase or reduce the fund depending upon what kind of finance has been provided.
Answer:
The correct answer is letter "C": A drought in Kansas is not significant enough to affect the worldwide price of grain.
Explanation:
In case a drought affects only the farms in Kansas, there will be less supply of grains growing in Kansas but customers may ask for the grains from other regions not affected by the drought. <em>Therefore, Kansas farmers' profits will be decreased but it will not affect the worldwide price of grains.</em>
Answer:
$27,300
Explanation:
Riser Inc. had the following liabilities and assets on May 31 of the current year
Cash= $16,800
Account receivables= $7,050
Supplies= $700
Equipment= $11,750
Account payable= $9,000
Since Assets = Liabilities+ stockholder's equity
The stockholder's equity can be calculated as follows
Cash+Account receivables+Supplies+Equipment= Account payable+stockholder's equity
$16,800+$7,050+$700+$11,750=$9,000+stockholder's equity
$36,300=$9,000+stockholder's equity
Stockholder's equity= $36,300-$9,000
Stockholder's equity= $27,300
Hence the amount of owner's equity as of May 31 of the current year is $27,300
Authority or chain of command is the responsibility for certain activity including the rights to make decisions, take action and give orders.
Explanation:
Authority is the manager's formal right to make decisions, issue orders and allocate resources to the desired outcomes of the organization.
Delegation improves the flexibility to meet customers needs and to adapt to competitive environment.
There are three types of authority they are line authority, Functional authority and staff authority. The management process performs tasks like goals of planning, organizing, directing and controlling.
They are commonly referred to as the second part of organizational structure.