A Cost-Cutting Measure Used in Many Business Organization Is the Use

question 32

Short Answer

A cost-cutting measure used in many business organization is the use of a(n) ____________________ fund, whereby a custodian handles disbursements and documentation for small expenditures.

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Definitions:

Higher-level Needs

Refers to the more abstract, psychological, and self-fulfillment needs that go beyond basic physical or material requirements, such as self-esteem and self-actualization.

Hands-on Guidance

Direct involvement and support in leading others or instructing how tasks should be performed, typically through practical demonstration.

Poor Delegation

Ineffective distribution or assignment of tasks and responsibilities, often resulting in mismanagement or underutilization of resources.

Macromanagement

A management style that focuses on larger-scale planning, decision-making, and broad organizational issues rather than day-to-day operations.