Examlex
The two types of objective controls managers use are:
Output
The amount of goods or services produced by a company, industry, or economy within a specific period.
Production Function
A mathematical formula that describes the relationship between inputs used in production and the output of goods or services.
Returns To Scale
A concept in economics that describes the change in output as a result of a proportional change in all inputs.
Input
Resources used in the production process, including labor, materials, and capital.
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