Which of the Following Statements Is True About the Managerial

question 4

Multiple Choice

Which of the following statements is true about the managerial function of controlling?

• A)Controlling is not related to the other primary managerial functions.
• B)Controlling is performed by the supervisor only after he or she has performed all the other managerial functions.
• C)Controlling involves taking appropriate actions to correct any deviations from standards.
• D)Controlling does not influence employee motivation and behavior.

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Definitions:

Book

A written or printed work consisting of pages glued or sewn together along one side and bound in covers.

Profit-Maximizing

The process or strategy employed by a firm to adjust its production and prices to achieve the highest possible profit.

Price Elasticity

A quantitative representation of how quantity demanded or supplied of a product changes in response to a price change, signifying the sensitivity of consumers or producers to price variations.

Marginal Cost

The incremental cost of creating one more unit of a good or service.