Multiple Choice
In a shareholder–manager relationship, who is considered the agent?
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1. Introduction to Accounting
Business Organization
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
The Chief Marketing Officer (CMO) is considered part of which organizational level?
A
Supervisory level
B
Middle management
C
Operational staff
D
Top management
Verified step by step guidance1
Understand the organizational hierarchy, which typically consists of three main levels: top management, middle management, and operational staff.
Top management is responsible for setting the overall direction and strategy of the organization. This level includes roles such as CEOs, CFOs, and CMOs.
Middle management acts as a bridge between top management and operational staff, implementing strategies and overseeing specific departments or teams.
Operational staff are responsible for executing day-to-day tasks and activities within the organization.
Recognize that the Chief Marketing Officer (CMO) is a strategic role focused on high-level decision-making and organizational direction, which places them in the top management level.
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