The Four Steps of the Control Process Are: Establish Objectives

question 73

Multiple Choice

The four steps of the control process are: establish objectives and standards; __________; compare results with objectives and standards, and __________.

• A) measure actual performance; continue as before
• B) set new objectives; evaluate results
• C) develop alternative systems; take corrective action as needed
• D) revise unmet objectives; pay for the losses
• E) measure actual performance; take corrective action as needed

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Research and Development

These are activities undertaken by companies or governments in pursuit of new knowledge, innovations, and product development.

GDP

Gross Domestic Product is the sum value of all finished goods and services made within a country's borders over a certain timeframe, measured in monetary terms.

Industrial Countries

Nations with highly developed economies, characterized by significant industrial activity, advanced technological infrastructure, and higher standards of living.