All of the Following Are Key Steps of Setting Up

question 32

Multiple Choice

All of the following are key steps of setting up feedback control systems except:

• A) comparing performance to standards.
• B) establishing standards.
• C) getting employee opinions.
• D) measuring performance.
• E) making corrections as necessary.

Understand the importance and components of a business code of ethics.

Comprehend the laws and regulations that govern business activities.

Identify and explain the forces of competition within industries.

Distinguish between business plans and strategic plans and their purposes.

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Definitions:

External Social Environment

The external factors in society that influence an organization's operation, including cultural, demographic, and social aspects.

Behavior

Refers to the actions and mannerisms made by individuals, groups, or systems.

Thought Process

The mental steps involved in processing information, solving problems, or forming judgments and opinions.

Experience

The knowledge or skill acquired by a period of practical involvement in an activity or exposure to events or people over time.