The Final Step in the Control Process Is

question 26

Multiple Choice

The final step in the control process is

• A) employee satisfaction
• B) measuring performance
• C) feedback control
• D) taking managerial action
• E) changing procedures

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Definitions:

Estimating Method

Techniques or approaches used to approximate the time, resources, or costs associated with a task or project.

Exceeded

To go beyond an established limit or standard.

More Than One Vendor

Utilizing services or products from multiple suppliers or companies instead of relying on a single source.

Estimate Cost

The process of forecasting the financial expenditure required to complete a project or produce a good.