Setting Standards and Comparing Actual Performance to the Standard Is

question 32

Multiple Choice

Setting standards and comparing actual performance to the standard is known as

• A)leading
• B)organizing
• C)controlling
• D)planning

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Definitions:

Enacted

Made into law by official legislative action.

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry.

Vertical Merger

A business integration strategy where companies within the same supply chain but at different stages of production merge.

Conglomerate Merger

A type of merger between companies that operate in unrelated business activities, diversifying business interests and reducing risk.