The Process by Which Managers Monitor and Regulate the Organization

question 50

True/False

The process by which managers monitor and regulate the organization in order to determine if the organization is operating efficiently and effectively is known as planning.

---

Definitions:

Break-Even Point

The point at which total revenues equal total costs, and the business is neither making a profit nor incurring a loss.

Fixed Costs

Expenses that do not change with the level of goods or services produced over the short term.

Sales Ratio

A metric that compares a particular figure or cost to the total sales, providing insight into various financial aspects of a business.

Variable Costs

Expenditures that fluctuate based on the volume of output or services provided by an enterprise.