Which of the Following Is Not True About the Framework

question 81

Multiple Choice

Which of the following is not true about the framework for judging performance?

• A)Budgets enable a company's managers to measure actual performance against predicted performance.
• B)A limitation of past results often incorporates past mistakes and substandard performance.
• C)Future conditions can be expected to differ from the past.
• D)The budget is not the only benchmark companies use to evaluate past performance.
• E)Using only the budget fails to create an incentive for subordinates to set targets that are relatively easy to achieve.

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Definitions:

Labor Markets

The supply and demand for labor, where employers seek to hire workers, and individuals look for employment.

Compensating Differential

The difference in wages that arises to compensate workers for the non-monetary aspects of different jobs, like risk levels, working conditions, or job location.

Malpractice Insurance

A type of professional liability insurance purchased by healthcare professionals to cover the cost of being sued for malpractice.

Labor Markets

Markets where labor services are exchanged for wages; involves the interaction of employers (demand for labor) and workers (supply of labor).