Cheryl Is a Newly Appointed Manager

question 238

Multiple Choice

Cheryl is a newly appointed manager. She wants to do a good job with regard to the controlling function of management. In terms of the control process, what is the first thing she should do?

• A) Adjust the standards
• B) Continue with current activities
• C) Compare performance with standards
• D) Establish standards
• E) Measure employee performance

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Definitions:

Inverted-U Theory

A hypothesis suggesting that performance increases with physiological or mental arousal, but only up to a point, after which performance begins to decrease.

R&D Expenditures

Funds allocated towards research and development activities by companies or governments, aiming for innovation and technological advancements.

Fast-Second Strategy

A business approach where companies quickly follow pioneers in a market, improving on their innovations or reducing costs to gain competitive advantage.

Economic Efficiency

The optimal distribution of resources to meet the needs and wants of a society, minimizing waste and maximizing value.