Which of the Following Describes the Control Function Within the Management

question 135

Multiple Choice

Which of the following describes the Control function within the management cycle?

• A)Setting short and long-term objectives
• B)Comparing actual to budgeted results and taking corrective action
• C)Taking actions to implement the plan
• D)Arranging the necessary resources to carry out the plan

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Definitions:

Fiscal Policy

Governmental policies concerning taxing and spending that are intended to influence economic conditions, including aggregate demand, inflation, and unemployment.

Consumption

The act of using up goods and services by individuals or groups, often analyzed in the context of economic activities and impacts on well-being.

Human Development Index

A composite statistic used to rank countries based on levels of human development factors like life expectancy, education, and per capita income.

Customer Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product and service needs.