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Power transition theory argues that it is not just imbalances in power,but also the anticipation of shifts in the relative balance of power that can lead to war.
Normal Standards
Standards that represent levels of operation that can be attained with reasonable effort. Also called currently attainable standards.
Bonuses
Additional financial compensation awarded to employees as a reward for their performance.
Principle of Exceptions
A management principle focusing attention and resources on areas that deviate significantly from standards or expectations.
Standard Costs
Predetermined costs for materials, labor, and overhead used as a benchmark for evaluating actual production costs.
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