Organizational Controls

question 5

Multiple Choice

Organizational controls:

• A) are typically the least quantifiable types of controls.
• B) often include goals such as expanding into a new market.
• C) focus on ensuring that a firm is meeting its strategic goals.
• D) emphasize gaps between desired financial outcomes and those actually produced by a firm.

Identify various stages of a product’s life cycle and the strategic approaches during each stage.

Define and differentiate between product line and product mix.

Distinguish between goods and services within marketing contexts.

Identify the factors contributing to the rise in new product development.

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Definitions:

Rate of Growth

The percentage growth in the magnitude or worth of an item during a particular timeframe.

Required Rate of Return

The lowest annual yield necessary to draw individuals or firms towards investing in a specific venture or financial proposition.

Cumulative Voting

A voting system that allows shareholders to allocate all their votes to one candidate or distribute them among several candidates when electing directors.

Voting Shares

Shares that give the shareholder the right to vote on matters of corporate policy and the election of the board of directors.