What Does Management by Exception Refer to in the Budgeting

question 48

Multiple Choice

What does management by exception refer to in the budgeting process?

• A)rewarding exceptional effort.
• B)delegating responsibility, leaving management free for other things.
• C)concentrating most of management's efforts on those who do not achieve the budget.
• D)motivating staff to boost the reputation of the business.

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Definitions:

Freudian Approach

A psychological theory or technique based on the work of Sigmund Freud, which emphasizes unconscious motivations and conflicts, especially as they manifest in dreams and symbolic actions.

Unconscious

Relating to the part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Early Childhood Experiences

Early childhood experiences encompass various events, interactions, and environments a child is exposed to from birth up until around the age of eight, which significantly influence cognitive, emotional, and social development.

Within-Family Difference

Refers to variations or disparities in traits, behaviors, or outcomes observed among members of the same family.