The Basic Control Process of Business Begins with ____

question 48

Multiple Choice

The basic control process of business begins with ____.

• A)either benchmarking or keystoning
• B)the establishment of clear standards of performance
• C)the comparison of actual performance to expected performance
• D)problem identification
• E)determining what corrective action will be if actual performance does not equal or exceed expected performance

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Definitions:

Payoffs

The returns or gains received from a particular outcome or transaction.

Game Played

An activity engaged in for diversion or amusement which has rules and objectives, can refer to both physical and digital games.

Payoffs

The returns or gains received from a particular action or investment; in game theory, it refers to the outcomes achievable by different strategies.

Clean Common Space

A concept referring to the maintenance and preservation of shared environmental areas in a clean and unpolluted state for communal benefit.