BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is known as a cushion of resources, like extra time, people, money?
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budgeting
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decision criteria
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slack resources
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satisficing
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Explanation:
Detailed explanation-1: -Budgetary slack is a cushion created in a budget by management to increase the chances of the actual performance beating the budget.
Detailed explanation-2: -What Are the Four Functions of Management? The four functions of management are planning, organizing, leading and controlling. In order to be a successful manager, you must do all four while managing your work and team. These are the foundations of any professional managerial position.
Detailed explanation-3: -The four phases of strategic management are formulation, implementation, evaluation and modification.
There is 1 question to complete.