The Process by Which Managers Monitor and Regulate How Efficiently

question 2

Multiple Choice

The process by which managers monitor and regulate how efficiently and effectively an organization and its members are performing the activities necessary to achieve organizational goals is known as ___________.

• A) planning
• B) organizing
• C) leading
• D) controlling
• E) coordinating

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Definitions:

Tax Bracket

Where each line of the tax schedule has an increasing percent based on increasing income.

Taxable Income

Income subject to tax, after deductions and exemptions, according to the law.

Joint Taxable Income

The total taxable income jointly reported by a married couple or partners filing a combined tax return.

Tax Owed

The total amount of tax liability that an individual or business is obligated to pay to a taxing authority.