When a Manager Is Told to Maximize the Revenues from the Sales

question 4

Multiple Choice

When a manager is told to maximize the revenues from the sales of goods and services produced, this is an example of a(n) ________ budget approach.

• A) profit
• B) revenue
• C) expense
• D) cash flow

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Definitions:

Employment Contract

A legal agreement between an employer and an employee, outlining the terms and conditions of employment.

Expensive Lawsuits

Legal disputes requiring significant financial resources due to complexities or other factors, which can impact individuals or organizations alike.

Open-Door Policy

A policy of settling grievances that identifies various levels of management above the immediate supervisor for employee contact.

Grievances

Complaints or dissatisfaction that employees express about their work conditions, treatment by supervisors, or other work-related issues.