Examlex
Passive management by exception involves leaving employees alone and waiting until something goes wrong before entering the picture.
Rational Criterion
A principle or standard used in decision-making processes that is based on logic, reason, and the anticipation of outcomes to achieve the most beneficial result.
Fixed Cost
Expenses that do not change with varying levels of production.
Negative Reinforcement
A behavioral modification technique where a response increases because a negative condition is removed or avoided.
Tardiness
The act of being late or delayed beyond the scheduled or expected time.
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