As Regional Manager of KIM Corp

question 53

Multiple Choice

As regional manager of KIM Corp., Dwight is given an operating budget of $1 million for that financial year and is evaluated on the basis of the amount of goods produced based on that budget.Dwight's performance is evaluated on a(n)

• A)revenue budget approach.
• B)cash flow budget approach.
• C)expense budget approach.
• D)profit budget approach.
• E)capital budget approach.

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Definitions:

Certainty

The state of being sure or confident about something, often implying a lack of doubt.

Nonprogrammed Decisions

Choices enacted in reaction to scenarios that are distinct, ill-defined, highly unstructured, and carry significant implications for the organization.

Creative Problem Solving

An approach to problem-solving that involves out-of-the-box thinking and the generation of innovative solutions.

Ethical Problem

A situation that poses a moral dilemma, requiring an individual to choose between actions that are evaluated as right or wrong based on ethical principles.