Which of the Following Is True of the Control Process

question 79

Multiple Choice

Which of the following is true of the control process?

• A) Managers can easily take corrective action when reasons for poor performance are identified.
• B) Outputs and behavior can be measured easily always.
• C) It is easy to measure the outputs and behavior of complex, nonroutine activities.
• D) Managers should never revise performance standards to a lower level.
• E) Managers develop performance standards to measure behavior first and then outputs.

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Definitions:

Income

The financial gain received by an individual or entity, typically through wages, profits, rents, or investments.

Government Revenues

The total money received by the government from various sources, including taxes, fees, and other charges.

Lump-Sum Tax

A tax that is a fixed amount, not dependent on the taxpayer's income level or economic transactions.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is achievable but is not achieved.