Ben,the Production Manager of Pace Shoes,sets a Production Target of 220

question 81

Multiple Choice

Ben,the production manager of Pace Shoes,sets a production target of 220 shoes to be distributed among 20 employees in a week.In the context of the control process,Ben is:

• A) establishing the standards of performance.
• B) measuring the actual level of performance of employees.
• C) comparing the actual performance against chosen standards of performance.
• D) evaluating the result of the set standards.
• E) initiating corrective actions.

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Definitions:

Securities Markets

Securities markets are financial markets where the trading of securities like stocks and bonds takes place, facilitating equity or debt capital formation and liquidity.

Majority Shareholder

An individual or entity owning more than 50% of a company's shares, giving them significant control over the company's decisions.

Close Corporation

A type of corporation characterized by a small number of shareholders, no public market for its shares, and often operated similarly to a partnership.

Transferability

The ability of an asset to be transferred or made over from one party to another.