Application of Qualities of Effective Control Systems

question 146

Multiple Choice

Application of Qualities of Effective Control Systems
Jared has been hired to establish a control system for SRP Inc. Jared knows several decisions must be made before the control system can be implemented. Several contingencies must also be considered. One of the first decisions that must be made is where to place the controls and what needs to be controlled. Jared also knows the organization is relatively small and will be for some time, and that management intends to decentralize extensively. Furthermore, management has indicated that
if- then guidelines are to be implemented. Jared looks forward to designing a system that will work well for the company for years to come.
-The need for the standards of a control system to have a dual positive effect is termed

• A)reasonable criteria.
• B)multiple criteria.
• C)understandability.
• D)strategic placement.

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Definitions:

Media Outlets

Entities or platforms such as newspapers, television stations, radio stations, and websites that disseminate news and information to the public.

Consolidating Companies

Firms that are involved in mergers and acquisitions to strengthen their market positions, reduce competition, and achieve economies of scale.

Music Revenue

Income generated from the music industry, including sales of albums, streaming services, concerts, and licensing fees.

Physical Products

Tangible items that can be bought, sold, and used by consumers, differing from services or digital products.