Systemic Use of the Best Available Facts to Improve Management

question 72

Multiple Choice

Systemic use of the best available facts to improve management practice is _________ management.

• A)knowledge-based
• B)science-based
• C)evidence-based
• D)technology-based

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Definitions:

Access

The right or opportunity to use, approach, or enter a place or service, or the act of gaining this right.

Books and Records

Official documentation of a business's financial transactions, activities, and obligations, maintained for legal and operational purposes.

Oral Promise

A commitment or assurance given verbally, not in written form, which may or may not be legally binding depending on the context.

Capital Contribution

The amount of money or assets provided by an owner or partner to a business for use as capital.