Your Manager Has Just Finished a Presentation Demonstrating the Need

question 48

Multiple Choice

Your manager has just finished a presentation demonstrating the need for change. The whole focus of his presentation was to show how the organization was doing in completely eliminating wasted materials. What kind of best practice standard is this manager trying to set?

• A) Comparative standard
• B) Goal standard
• C) Improvement standard
• D) Ideal standard
• E) Stakeholder expectation standard

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Definitions:

Payment

The transfer of money, goods, or services in exchange for a product, service, or obligation.

Negotiable

The term negotiable refers to a legal document, such as a check or bill of exchange, that signifies a promise to pay a specific amount of money and is transferable from one person to another.

Negotiable

A characteristic of documents or instruments that allows them to be transferred or endorsed from one party to another, altering ownership.

Payment

The act of giving money or other compensation to settle a transaction or obligation.