The Third and Final Step in the Control Process Is

question 15

Multiple Choice

The third and final step in the control process is

• A)setting standards.
• B)managerial action.
• C)comparing actual performance with standard.
• D)measuring actual performance.

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Definitions:

Customizing Products

The process of modifying or building products to meet individual customer needs or preferences.

Performance Management

The process of ensuring employees' activities and outputs align with an organization's goals, often involving planning, monitoring, and reviewing employees’ work objectives and contributions.

Annual Compensation

The total amount of money and benefits an employee receives in one year.

Local Human Capital

The knowledge, skills, abilities, and other attributes that make up the location-specific experiences of employees in a particular country or market.