Passive Management by Exception Involves Which of the Following

question 126

Multiple Choice

Passive management by exception involves which of the following?

• A) Abdicating responsibilities and avoiding decisions
• B) Intervening only if standards not met
• C) Watching for deviations from rules and standards and taking corrective action
• D) The exchange of rewards in exchange for mutually agreed-upon goal accomplishment
• E) Focusing on organizational performance

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Definitions:

Specified Means

A clearly defined method or procedure outlined for achieving a given end or goal.

Mailbox Rule

A legal principle that considers a contract offer accepted once the acceptance letter is dispatched, not when it is received by the offeror.

Effective Revocation

The successful cancellation or withdrawal of a legal right, offer, or agreement, communicated in a manner recognized by law.

Option Contract

A contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.