Controlling Consists of the Following Steps EXCEPT

question 73

Multiple Choice

Controlling consists of the following steps EXCEPT:

• A) Write a mission and vision statement
• B) Establish performance standards
• C) Compare actual performance against standards
• D) Take corrective action

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Definitions:

Equity Investments

Financial contributions made into companies by purchasing shares in order to gain partial ownership and potentially share in the profits.

Distribution Sources

Channels or intermediaries through which products or services are made available to consumers.

Franchisor

A business entity that grants a license to a third party for the conducting of a business under the franchisor's marks, name, and business model.

Franchise Agreement

A legal contract between a franchisor and franchisee, outlining the terms for operating a franchised business.