If Managers at XYZ Inc

question 19

Multiple Choice

If managers at XYZ Inc. utilize direct supervision and other administrative systems as control mechanisms, which of the following controls do they exercise?

• A) Internal control
• B) External control
• C) Bureaucratic control
• D) Reward control

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Definitions:

Minimum Rent

The least amount of money that a lessee may pay to lease a property for a specific period, often set by contractual agreement.

Rationing Mechanism

A method or system used to allocate scarce resources, goods, or services among people, typically in situations of short supply.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar in nature, leading to competitive prices.

Economic Policies

Actions taken by a government to influence its economy, including fiscal policy, monetary policy, and trade policy.