Examlex
Which of the following is NOT one of the benefits of management by objectives (MBO) ?
Price Change
An alteration in the amount charged for a good or service, which can be due to various factors including cost fluctuations, demand shifts, or competitive strategies.
Lost Profits
Lost profits refer to the income that a business could have earned but was unable to due to disruptions, such as competition or natural disasters.
Expected Success
The anticipation of achieving a favorable outcome in any given venture or activity, often quantified based on objective criteria or previous performances.
Representativeness
A cognitive bias in decision-making where an individual assesses the likelihood of an event by comparing it to an existing prototype in their mind.
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