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Discuss the three characteristics of an effective control system in an organization.Illustrate each characteristic with a specific example from an organization of your choosing.
Average Total Cost
The sum of all production costs divided by the quantity of output produced, including both fixed and variable costs.
Deregulation
The process of reducing or eliminating government oversight and rules in various industries to foster a more free-market environment.
Efficiency Gains
Improvements in the use of resources that allow for more output without increasing the input.
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