The Exception Principle Exists Because

question 13

Multiple Choice

The exception principle exists because

• A)administrators don't always report negative information to superiors.
• B)executives are not aware of the goings on in administration.
• C)executives don't care how administrators do their jobs.
• D)administrators are not held accountable.
• E)all of the above.

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Definitions:

Permanent Increase

A lasting upward adjustment in size, amount, or value.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the true productivity of an economy.

Inflation Rate

The percentage increase in the price level of goods and services over a period of time, often measured annually.

Government Debt

The total amount of money that a government has borrowed and not yet repaid.