Compare and contrast the roles of top managers and middle managers
What will be an ideal response?
Answer: Top managers establish the structure for the organization as a whole, and they select the people who fill the upper-level positions. Top managers also make long-range plans, establish major policies, and often represent the company to the media, the community, and other stakeholders.
Middle managers have similar responsibilities but on a smaller scale, such as for an individual division or facility. Managers at this level report upward to top executives, while first-line managers' report to them. Middle managers play the essential role of translating strategic goals and objectives into the actions that allow the company to meet those targets.
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In preparing a T-account work sheet, a master T-account for cash appears at the top of the work sheet. This master T-account has three sections, labeled
a. Operations, Investing, and Financing. b. Working Capital, Investing, and Financing. c. Operations, Working Capital, and Financing d. Operations, Working Capital, and Investing e. Operations, Exchanges, and Investing
A limited partnership firm is managed by the concerned limited partners.
Answer the following statement true (T) or false (F)
A farmers' cooperative association plans to build a new sugar mill in Southwestern Louisiana. The primary objective of the mill is to provide the farmers with a place to take their crop for processing that will reduce their transportation costs
The members of the co-op believe that the center-of-gravity method is appropriate for this objective. While there are over 200 sugar cane farms in the region, they are tightly clustered around six villages. Using the data below, use the center-of-gravity method to calculate the coordinates of the best location for this mill. All mileage references use the city of Lake Charles as (0,0). Village Miles East of Lake Charles Miles North of Lake Charles Sugar Cane tonnage Arceneaux 90 10 240,000 Boudreaux 140 60 320,000 Cancienne 20 70 450,000 Darbonne 50 20 120,000 Evangeline 100 80 60,000 Fontenot 10 120 140,000
Even though there are hundreds of different languages and dialects, the three major languages used in global diplomacy and commerce are
A. Japanese, Spanish, and French. B. Spanish, English, and Chinese. C. English, Japanese, and Chinese. D. Japanese, Spanish, and English. E. English, French, and Spanish.