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The Notion That Management Retains All Rights to Make Decisions

question 37

Multiple Choice

The notion that management retains all rights to make decisions on issues that are not explicitly addressed in the contract is called the:


Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to translate mission and vision statements into operational objectives and performance metrics across four perspectives: financial, customer, internal processes, and learning and growth.

Incentive Plan

A business strategy designed to motivate and reward employees in order to achieve higher levels of performance.

Organization's Goals

Objectives set by a company or an organization to guide its operations, steer its overall direction, and measure its performance over time.

Employee Empowerment

The practice of giving employees the autonomy, resources, and capabilities to make decisions and contribute to the company's success.

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