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Describe the three broad strategies for achieving organizational control.
Performance Measures
Quantitative and qualitative metrics used to assess the effectiveness or efficiency of operations, employees, or overall organizational performance.
Transfer Price
The price charged for goods or services transferred between departments or divisions within the same company as part of the internal sales process.
Opportunity Cost
The sacrifice of possible benefits from other options when selecting a specific one.
Standard Variable Cost
The anticipated cost of variable inputs (like labor and materials) for producing one unit of product or service under standard operating conditions.
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