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When Managers Use Metrics to Assess Performance and Then Develop

question 4

Multiple Choice

When managers use metrics to assess performance and then develop strategies for corrective action, they are performing the ________ function of the management process.

Apply the concept of profitability index (PI) in project selection under capital rationing.
Understand the importance and process of capital budgeting in corporate finance.
Understand the influence of political/legal and economic changes on market opportunities.
Recognize the importance of staying in touch with customers and responding to marketplace changes.

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