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Describe What Gortner, Mahler, and Nicholson Meant by the Following

question 20

Essay

Describe what Gortner, Mahler, and Nicholson meant by the following: "For the private organization, it is a matter of 'go until I say stop'; but to the public manager the message is 'don't go unless I tell you to.'"


Definitions:

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Annually

Pertaining to something that occurs once every year or relating to a period of one year.

Line of Credit

A flexible loan arrangement with a bank or lender, allowing the borrower to draw funds as needed up to a certain limit.

Simple Interest

Interest assessed only on the original investment, without consideration for compounding.

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