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M8.4.17

Understands that mathematical modeling aids in technological design by simulating how a proposed system would theoretically behave.

Motivating Honest Budgets and Hard Work Simultaneously

Motivating honest budgets and profit expectations is difficult because some rnsubordinate managers will provide overly optimistic budgets to "look good" to rntheir bosses, while others will lowball budgets so they will "look good" when they rnexceed expectations. This paper explains how to motivate accurate forecasts of rnbudgets and profits.

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