The Notion That Every Employee Within a Hierarchy Tends to Rise

question 104

Multiple Choice

The notion that every employee within a hierarchy tends to rise to his or her level of incompetence is referred to as

• A) goal displacement.
• B) the Peter principle.
• C) trained incapacity.
• D) bureaucracy.

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Definitions:

Fixed Costs

Expenses that remain constant for a specific period regardless of changes in the volume of production or services provided.

Budget Reports

Financial documents that compare actual financial results to the projected budget over a specific period, often used for tracking financial performance and planning.

Feedback

Information provided as a response to a particular process or activity, used to improve or modify future actions or decisions.

Actual Operations

This term might be referring to the real, day-to-day activities or processes carried out by a business or organization, but it's not a standard accounting or finance term in itself.