What Is One of the Steps by Which Managers Achieve

question 47

Multiple Choice

What is one of the steps by which managers achieve control over organizational activities?

• A) They reduce data ambiguity to create useful information.
• B) They determine the quality of the information made available to them.
• C) They select an appropriate communication medium for their messages.
• D) They compare actual performance against established goals.

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Definitions:

Gross Profit

The financial difference between the revenue generated from sales and the cost of goods sold, before deducting overheads, salaries, and other expenses.

Lodging And Meals

Expenses related to accommodation and food incurred during travel or business trips.

Break-even Analysis

is a financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no profit or loss.

ELMS System

The process of dividing customers into varying size accounts.