Examlex
What is another name for the "procedural" definition of democracy?
Managerial Responsibility
The duty and accountability held by managers to make decisions, oversee operations, and ensure the strategic objectives of the organization are met.
Controllable Costs
Expenses that can be directly controlled or influenced by a manager or decision-maker within a certain time frame.
Budgetary Control
A management tool used for monitoring and controlling costs by comparing actual performance with budgeted expectations, facilitating corrective actions.
Controlling Operations
This refers to the process of monitoring, managing, and adjusting a company's or organization's operations to meet set goals and objectives.
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