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What Are Two Traditional Managerial Control Techniques

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What are two traditional managerial control techniques?


Definitions:

Pay

The compensation or salary paid to an employee for their work or services.

Open System

A system that transforms resource inputs from the environment into product outputs.

Goods and Services

Products that can be physically touched or tasks performed for a consumer, respectively.

Continuous Improvement

An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements, aiming for enhanced efficiency and effectiveness.

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