Ask Question
BusinessBusiness
3 December, 05:34

Colin is an assistant manager in his firm's credit department. He works closely with a more experienced manager to learn how to perform all of the functions involved in credit management. Colin believes he will soon be experienced enough to take over a senior position in his department. Colin has the benefit of serving as an understudy.

a. True

b. False

+5
Answers (2)
  1. 3 December, 07:10
    0
    Answer: A. True

    Explanation:

    An understudy is a person who works closely with a staff in a higher position (for example, a manager), learning the important aspects of the job so as to be able to fill up for the senior staff, should he leave the organization, or be absent for any other reason.

    The understudy learns the secrets of the senior position. He also has a knowledge of passwords, presentation delivery, and access to important documents. This makes it easier for the organization to fill up an important role and not suffer for long in looking for a replacement after the departure of the senior staff.

    Since Colin works closely with the experienced manager, he would learn all the important functions involved in credit management. So he is an Understudy who can be easily called upon to replace the manager, should he exit the organization.
  2. 3 December, 09:13
    0
    Answer: True

    Explanation:

    Colin is an assistant manager in the company's credit department and he works closely with an experienced manager who has more experience than him.

    There are huge benefits of Collins serving as an understudy. Since he works under someone who has more knowledge and experience than him regarding credit management, Collins can learn more and develop. There is room for personal development for Collins. With the needed experiences, he can take over a senior position in the department.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Colin is an assistant manager in his firm's credit department. He works closely with a more experienced manager to learn how to perform all ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Billy Bob's Barber Shop knows that a 5 percent increase in the price of their haircuts results in a 15 percent decrease in the number of haircuts purchased. What is the elasticity of demand facing Billy Bob's Barber Shop?
Answers (1)
On October 1, Year 1, Gold Co. borrowed $900,000 to be repaid in three equal, annual installments. The note payable bears interest at 5% annually. Gold paid the first installment of $300,000 plus interest on September 30, Year 2.
Answers (1)
According to the trust-based relationship selling process framework, "enhancing customer commitment" is a part of which component of the framework? a. Selling foundationsb. Developing customer relationshipsc.
Answers (1)
Kanet Company issued common stock for proceeds of $386,000 during 2017. The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year.
Answers (1)
In 2012, Colorado and Washington became the first states to legalize marijuana for recreational use, and have since been joined by Oregon, Alaska, and Washington, D. C.
Answers (1)
New Questions in Business
An open-end investment company that can issue an unlimited number of its shares to investors and use the pooled proceeds to purchase corporate and government securities is called: A. a mutual fund B. a pension fund C. an insurance company D.
Answers (1)
Anyone know these key words? When consumers keep buying the same brand again and again instead of choosing a competitor's brand. The buying and selling of goods and services using computer systems linked to the internet.
Answers (1)
The three main luxury hotels in a major tourist destination keep very close track of their competitors' room pricing, restaurant offerings, tour packages, and special services, such as airport transportation and spa privileges.
Answers (1)
Rayya Co. purchases and installs a machine on January 1, 2018, at a total cost of $151,200. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value.
Answers (1)
Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total budget for the project. A cost estimate of the budgeted resources across the project's life cycle.
Answers (1)
Home » Business » Colin is an assistant manager in his firm's credit department. He works closely with a more experienced manager to learn how to perform all of the functions involved in credit management.
Sign Up Forgot Password?