A Manager at a Local Bookstore Is About to Allocate

question 51

Multiple Choice

A manager at a local bookstore is about to allocate extra floor space to an espresso counter when a new coffee shop opens next door.He stops implementation of his plan and instead looks into opening a juice bar.This an example of which of the following?

• A) successful budgeting
• B) real-time adjustment
• C) sequence and timing
• D) management by objectives

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Definitions:

Achievement Need

This refers to an individual's need for success, accomplishment, and setting and achieving challenging goals.

Moderately Difficult Goals

Objectives that are challenging yet achievable, often motivating individuals to perform better.

Periodic Feedback

Regular and systematic provision of evaluative information on performance or progress, intended to guide future improvements.

Shared Responsibility

The concept of distributing the duties and obligations among various parties to ensure collective accountability and efficiency.