LaWanda, the Manager of a Large Beauty Salon, Is Having

question 108

Multiple Choice

LaWanda, the manager of a large beauty salon, is having problems with employees not complying with the rules about clocking in and clocking out each day. If the employees fail to follow these rules, their pay is affected. She is considering three different options for addressing this problem:1. Adding supervision at the entrance so that employees comply with the rules during shift changes2. Generating reports on employees not complying with the rules and asking these employees to take corrective measures3. Implementing a new procedure that is easier for the employees to follow and conducting training so that each employee knows the policy and the procedure before it is enactedWhich approach to bureaucratic control is described in option 3?

• A)feedback
• B)feedforward
• C)concurrent
• D)market
• E)clan

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Definitions:

Exchange Gain

A profit resulting from holding or transacting in foreign currencies as exchange rates vary.

Spot Rate

The existing selling or buying price of a certain currency for transactions that are completed right away.

Fair-Value Hedge

A hedge that is used to mitigate the risk of changes in the fair value of an asset, liability, or an unrecognized firm commitment.

Cost of the Hedge

The expenditure associated with implementing and maintaining a hedge against financial risk.