The Control Process Used While Plans Are Being Carried Out

question 44

Multiple Choice

The control process used while plans are being carried out, including directing, monitoring, and fine-tuning activities as they are performed, is known as _____ control.

• A) feedback
• B) concurrent
• C) accounting
• D) budget
• E) feedforward

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Definitions:

Depository Institutions Deregulation

The process of removing government restrictions on banks and other financial institutions, aimed at increasing competition and efficiency in the financial sector.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves a bank must hold against deposits.

Checkable Deposits

Bank account balances that can be easily withdrawn or used for payments without restrictions.

Credit Unions

Financial institution cooperatives made up of depositors with a common affiliation.