The Four Steps of the Control Process Are: Establish Performance

question 81

Multiple Choice

The four steps of the control process are: establish performance objectives and standards; measure actual performance; compare actual performance with objectives and standards; and __________.

• A) reap the profits
• B) continue as before
• C) pay for the losses
• D) take corrective action as needed
• E) redefine the objectives

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Definitions:

Discrimination Effect

The impact on consumer choice and market outcomes when products are differentiated, often based on perceived quality or branding, leading to variations in pricing.

Discrimination

Discrimination refers to unjust or prejudicial treatment of different categories of people, especially based on race, age, or sex.

Personal Characteristics

Attributes or features that define an individual, including traits, skills, and preferences.

Wage Difference

Wage difference is the variance in pay for different jobs or employees, often influenced by factors such as skill level, industry demand, and geographic location.