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When a Philosophy of Management Is Over-Proceduralized, Over-Promoted, Over-Publicized, and Over-Praised

question 9

True/False

When a philosophy of management is over-proceduralized, over-promoted, over-publicized, and over-praised, it becomes a fad that usually does not last long.

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Definitions:

Promised Benefit Levels

The specific amount of benefits, often related to pensions or insurance, guaranteed to recipients based on a predetermined plan.

Trust Fund

A legal entity established to hold assets on behalf of a person or group, managed by a trustee.

Additional Government Borrowing

The process by which the government incurs more debt through issuing bonds or taking loans to finance its expenditure beyond its income.

Higher Taxes

Refers to increased charges imposed by governments on individuals or entities' income, activities, or transactions.

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