Output Controls Can Sometimes Discourage Collaboration Among Different Strategic Business

question 45

Multiple Choice

Output controls can sometimes discourage collaboration among different strategic business units.However more and more work requires creativity and innovation,especially in highly developed economies.One way firms are grappling with this issue is:

• A) introducing results-only-work-environments to tap intrinsic motivations
• B) refining the budgeting process to encourage more department collaboration
• C) updating standard operation procedures to allow more process flexibility
• D) None of these.

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Definitions:

Circular Flow Diagram

A visual model used in economics to show how money moves through the economy in a circular manner between producers and consumers.

Expenditures

The act of spending or disbursing money, often related to business operations, investments, or personal consumption.

Business Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Profit Income

The financial earnings exceeding the costs of production, often considered the reward for business risks.