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Upper management includes individuals and teams that are responsible for making the primary decisions within a company. Personnel considered to be part of a company's upper management are at the top of the corporate ladder and carry a degree of responsibility greater than lower-level personnel.
Middle-level managers can include general managers, branch managers, and department managers. They are accountable to the top-level management for their department’s function, and they devote more time to organizational and directional functions than upper management.
A supervisory manager is an employee of or a person supervised by an executive manager who has as a primary responsibility the supervision of certified private security professionals.
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<u>Given:</u>
Farmer's price = $1
Miller's price = $3
Baker's price = $6
<u>To find:</u>
The value added by the miller
<u>Solution:</u>
From the given, we can interpret that after purchasing from the farmer, the miller turns the wheat into flour by grinding and he sells the wheat flour to the baker.
This means that the miller added the cost of grinding with the purchasing cost. We can calculate the cost added by miller by subtracting the farmer's price from the miller's price that is
Therefore, the value added by the miller is $2.