Control Is a Cybernetic Process Because It ____

question 9

Multiple Choice

Control is a cybernetic process because it ____.

• A)has a feedback loop
• B)is an intermittent process
• C)is the first management function
• D)uses automated benchmarks
• E)can be a completely automated process

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Definitions:

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a good or service.

Downward-Sloping Demand

A common economic principle where the quantity demanded of a good or service decreases as its price increases.

Quantity Tax

A tax that is levied on the quantity of a good produced or sold, rather than its price.

Marginal Cost

The rise in overall expenses resulting from the production of an extra unit of a product or service.