The First Step in the Control Process Is to

question 52

Multiple Choice

The first step in the control process is to

• A) ask your employees to fix any problems.
• B) take corrective actions when necessary.
• C) investigate the causes of any deviations.
• D) measure the actual performance.
• E) identify deviations from the standard.

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Definitions:

Cumulative Gain

The total amount of gain or profit accumulated over a specific period of time.

Rate of Return

The percentage of profit or loss on an investment over a specified period.

Capital Gain Yield

The rise in the price of a security, like a stock or bond, leading to a profit if sold; expressed as a percentage increase over the investment's cost.

Income Yield

The return on an investment in terms of the income generated, expressed as a percentage of the investment's cost.