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What does management mean by action on the exception principle?
The action on the exception principle in management refers to the practice of focusing efforts and resources on significant deviations from established standards or expectations rather than on routine operations. This approach allows managers to prioritize their attention on issues that could impact performance or outcomes, thereby enhancing efficiency. By addressing exceptions, management can make more informed decisions and allocate resources effectively to mitigate risks or seize opportunities.
Which principle of goal setting is described by employees who are motivated by achievement which principle of goal setting is described by employees who are motivated by achievement?
The principle of goal setting described by employees who are motivated by achievement is often referred to as the "achievement motivation" principle. This principle emphasizes the importance of setting challenging yet attainable goals, as individuals driven by achievement are more likely to be motivated by goals that push their limits and foster a sense of accomplishment. These employees thrive in environments where their efforts are recognized, and their progress is measurable. Overall, this principle highlights the interplay between goal difficulty, personal ambition, and motivation.
What are the different Principles applying to Objectives in Management?
1.principle of attainability 2.principle of acceptability 3.principle of communication 4.principle of clarity and or simplicity 5.the motivational principle 6.principle of suitability 6.the principle of commitment
What is management of principle?
what is management of principle
Which of the follwing represents a principle of risk management?
A principle of risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. This includes implementing strategies such as risk avoidance, reduction, transfer, and acceptance. The objective is to ensure that an organization's resources are effectively utilized to mitigate potential threats while maximizing opportunities.
Which goal setting principle provides opportunity to clarify expectations adjust goal difficulty and gain recognition?
The use of feedback provides opportunities to clarify expectations, adjust goal difficulty, and gain recognition.
Which principle Revenue is recorded only when the earnings process is complete?
Revenue recognition principle
The revenue recognition principle dictates that revenue should be recognized in the accounting records?
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
The accounting principle that requires revenue to be reported when earned is the?
revenue recognition
State two generally accepted accounting principles that relate to adjusting the accounts?
I believe the answer is Revenue recognition Principle and Matching Principle. Can anyone confirm.
What is a deferral?
Deferrals are the consequence of the revenue recognition principle which dictates that revenues be recognized in the period in which they occur.
One of the accounting concepts upon which deferrals and accruals are based is?
revenue recognition principle
What is deferral?
Deferrals are the consequence of the revenue recognition principle which dictates that revenues be recognized in the period in which they occur.
Is combinatorics the most principle form of mathematics?
As basic as combinatorics is, I feel that just the basic knowledge of the recognition of what a number actually is, would be more basic of a principle.
What is the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process?
You would get distorted and unaccurate statements that would not show a fair and true value of the company.
Which accounting concept or principle specifically states that you should record transactions at amounts that can be verified?
revenue recognition
What is meant by the term revenue recognition?
Revenue recognition is one of the principles of accrual accounting. The principle states that revenues are recognized when they are realised and earned, regardless of when cash is received. This contrasts with the principle of cash accounting, where one recognizes revenues only when one actually receives cash.
