Controlling Is the Managerial Function That Involves the Managers

question 43

Multiple Choice

Controlling is the managerial function that involves the managers

• A) thinking through issues confronting a firm and developing a plan to increase productivity.
• B) keeping track of performance and investigating when results deviate from the plan.
• C) developing an atmosphere of cooperation and teamwork.
• D) keeping an optimum number of people under supervision.

---

Definitions:

Not Excludable

A characteristic of a good or service where it is difficult or impossible to prevent individuals from enjoying its benefits, even if they do not pay for it.

Not Rival

A characteristic of a good where its consumption by one individual does not reduce availability or quality for others.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it, typically through the mechanism of property rights.

Rival in Consumption

A characteristic of a good whereby consumption by one individual prevents simultaneous consumption by another individual.