Which of the Following Is Being Fulfilled When Management Compares

question 112

Multiple Choice

Which of the following is being fulfilled when management compares the budget to actual results?

• A)Directing
• B)Planning
• C)Adjusting
• D)Controlling

---

Definitions:

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply between two points on a curve by averaging the quantities and prices.

Price Elasticity

A parameter that quantifies the change in demand for a commodity in response to its price alterations.

Midpoint Formula

A mathematical method used to find the midpoint or average between two points, often used in economics to calculate price or quantity averages.

Price Inelastic

Describes a situation where the demand for a product does not change significantly with a change in its price.