An Emphasis on Monitoring Those Few Things Which Must Go

question 23

Multiple Choice

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

• A) the 60/40 rule.
• B) the 30/70 rule.
• C) the 80/20 rule.
• D) success factors.
• E) key performance measures.

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Definitions:

Unemployment Insurance

The social insurance program that in the United States is financed by state payroll taxes on employers and makes income available to workers who become unemployed and are unable to find jobs.

Opportunity Costs

Choosing one option results in the forfeiture of potential gains from other available choices.

Sitting in Traffic

The state of being in a vehicular traffic jam, often resulting in delayed travel times and increased frustration.

Adverse Selection

A market process in which undesired results occur due to information asymmetry between buyers and sellers, where one party has more or better information than the other.