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When punishment is used, managers need to be very careful that while eliminating the undesired behavior, they do not create excessive hostility or negative feelings.
Net Loss
The amount by which total expenses exceed total revenues in a company during a specific period, indicating a financial loss.
Discontinue
To discontinue means to stop producing, selling, or providing a product or service, often permanently.
Activity-Based Costing
A costing methodology that assigns costs to products or services based on the resources they consume.
Traditional Systems
often refer to conventional or established procedures, techniques, or technologies that have been used over time, typically before newer alternatives.
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