Critical Success Factors Are Used During What Step of the Control

question 94

Multiple Choice

Critical success factors are used during what step of the control systems process?

• A)Set objectives and standards.
• B)Correct or reinforce.
• C)Measure performance.
• D)Compare performance to standards.

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Definitions:

Systematic Error

A consistent, predictable error present in the method of measurement that affects the accuracy of results.

Faulty Heuristics

Cognitive shortcuts that lead to errors in judgment or decision-making.

Heuristics

Simple, efficient rules, often learned or instinctive, that help in making decisions, forming judgments, or solving problems.

Behavioral Economists

Economists who study how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.