Managers, in Today's Work Environment, Rely Less on ____ and More

question 40

Multiple Choice

Managers, in today's work environment, rely less on ____ and more on ____.

• A) coordination and communication; control and command
• B) command and control; coordination and communication
• C) empowerment and innovation; productivity and efficiency
• D) effectiveness and efficiency; quality and profit
• E) ethics and social responsibility; profit and cost-savings

---

Definitions:

Fixed Budget Sales

A financial plan that outlines expected sales for a period based on set conditions, without adjustments for variations in actual performance.

Standard Costs

Standard costs are predetermined costs established as targets for the production of goods or rendering of services, used as benchmarks to measure performance.

Actual Costs

The real expenses incurred or paid during a project or operation, as opposed to budgeted or estimated costs.

Differences

Refers to the disparities or variations that exist between two or more items, figures, or entities, often used in financial analysis and auditing.