______ Controls Are Objective Criteria That Allow Corporate Managers to Evaluate

question 98

Multiple Choice

______ controls are objective criteria that allow corporate managers to evaluate the returns earned by individual business units.

• A) Strategic
• B) Managerial
• C) Financial
• D) Environmental

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Definitions:

Incentive Wage Plans

A payment system that rewards employees for meeting or exceeding certain performance benchmarks, aimed at motivating higher productivity.

Motion Studies

The systematic analysis of work processes and movements to increase efficiency, reduce waste, and improve productivity.

Unity of Command

A principle in management and military that states an individual should receive orders from only one superior.

Henri Fayol

A French engineer and theorist, known for his development of general theories in business administration and management.