________ Involves Ensuring That an Event Occurs as It Was

question 74

Multiple Choice

________ involves ensuring that an event occurs as it was planned to occur.

• A)Control
• B)Planning
• C)Influencing
• D)Organizing
• E)Designing

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Definitions:

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a good or service.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes involved in sustaining the activity.

Price

The total money needed for acquiring a good, service, or asset.