A Cost-Effective Control System

question 30

Multiple Choice

A cost-effective control system

• A) provides a satisfactory return on investment.
• B) provides financial penalties for departments that exceed budget.
• C) eliminates the need for hiring outside consultants.
• D) approaches being totally automated.

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Definitions:

Signaling Device

A method or mechanism used to convey information about the quality or value of a product, service, or candidate in a market.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.

Compensating Differentials

Wage differences among jobs that reflect the desirability of the job or the cost associated with undesirable job attributes.

Monetary Compensation

The financial payment given to an employee for their services or to an individual as a settlement.