Standards Are Important in the Control Process Because They

question 13

Multiple Choice

Standards are important in the control process because they:

• A)set the strategy for use of resources.
• B)define the dimensions for what is expected to happen.
• C)help create the flexibility needed for an organization to function effectively.
• D)provide a way to group activities.

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Definitions:

Services

Services refer to the intangible products or activities provided by one party to another, often characterized by an exchange for payment.

Consumer Behavior

The study of how individual customers, groups, or organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

Products

Goods or services offered by a business to satisfy consumer needs, wants, or demands.

Services

Intangible products provided to consumers or businesses, such as education, healthcare, and financial advising, which satisfy needs or wants.