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

question 80

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
• E) capital

---

Definitions:

Null Hypotheses

A statement in statistical analysis that proposes there is no significant difference or effect, used as a starting point for testing.

Sick Leave

Authorized absence from work granted to employees when they are ill or unable to work due to health-related issues.

Incentive Program

A strategy or plan designed to motivate and encourage specific behaviors or actions from a group of people, often through rewards.

P-Value

The probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is correct.