The Concept Says That Managers Should Be Evaluated on the Basis

question 39

Multiple Choice

The concept says that managers should be evaluated on the basis of revenues and/or expenses they can control is known as the:

• A) Management by exception concept.
• B) Controllability concept.
• C) Responsibility concept.
• D) None of these.

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Definitions:

Trade Secret

Proprietary information used by a business that is not publicly known and is subject to efforts to maintain its secrecy, giving the business a competitive advantage.

Computer Software

A collection of data, programs, procedures, and instructions that tell a computer how to perform specific tasks or operations.

Chemical Formulas

Representations of the molecular or ionic composition of chemical substances.

Cookbook Recipes

Structured sets of instructions for preparing meals, often including lists of ingredients and step-by-step directions for cooking or baking.