The Managerial Activity of Monitoring a Plan's Implementation and Taking

question 42

Short Answer

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as ______________.

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Definitions:

Resources

Assets, materials, or substances available for use in the production process, human activities, or for satisfying needs.

Economists

Professionals who study how societies use scarce resources to produce valuable commodities and distribute them among different people.

Opportunity Cost

Opportunity cost represents the value of the best alternative that is foregone when a choice is made between several mutually exclusive options.

Avatar

A graphical representation of a user in digital media, often used in social media, games, and virtual reality environments.