________ Refers to the Situation When Managers Focus on Short-Term

question 38

Multiple Choice

________ refers to the situation when managers focus on short-term earnings and profits at the expense of their longer-term strategic obligations.

• A) Return on investment
• B) Management audit
• C) Balanced scorecard
• D) Management myopia
• E) Provincialism

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Definitions:

Information Access

The ability or right to obtain, retrieve, or use data, documents, or materials, often critical for decision-making, learning, or carrying out responsibilities.

Power Source

A basis of influence or authority from which individuals or organizations derive strength to effect change or command actions.

Subordinates

Individuals who report to someone with higher authority within an organizational hierarchy, often tasked with following instructions and fulfilling duties assigned by their supervisors.

Reward Power

The capability to distribute rewards that others view as valuable, giving the power holder influence over their behavior.