Which of the Following Statements Is True of Control

question 31

Multiple Choice

Which of the following statements is true of control?

• A) Preventive measures are a form of control.
• B) Corrective actions are not part of the control process.
• C) The control process begins when work procedures conform to established standards.
• D) Control is the process of measuring employee performance using scientific performance scales.

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Definitions:

Price Support

Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.

Price Floor

A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.

Price Support

Government interventions in the market to maintain the price of a commodity at a certain level.

Demand Curve

A chart that illustrates the link between a product's price and the amount of the product that buyers are prepared and capable of buying at different price levels.