Informal Management Control Systems Include

question 121

Multiple Choice

Informal management control systems include

• A)incentive plans.
• B)codes of conduct.
• C)qualitative measures of performance.
• D)policies.
• E)company culture.

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Definitions:

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

New Product Planning

The process of defining the strategy and development roadmap for bringing a new product to market, including market research, design, and launch plans.

Long-range Time Horizon

A future time period in which long-term plans or forecasts are made, often extending several years into the future.

Facility Location

The process of determining the best geographical location for a company’s operations, manufacturing, or distribution centers to optimize logistics and customer service.