At a specific managerial responsibility level, a cost is deemed manageable if the manager has the authority to incur it within a specific time frame.
To run effectively and (in the case of for-profit businesses) to make a profit, business managers direct the work of others (if any). They should have a working understanding of the following fields, and they could be experts in one or more of them: marketing, public relations, and finance. Law, science, and computer programming are among further technical fields in which a corporate manager may be knowledgeable. Business managers occasionally even have control over human resources. The position may be created in many firms in order to free up the owner to concentrate on particular facets of business expansion. In order to ensure the operation of the business, the manager and owner frequently work together.
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