Controlling is the managerial task that involves
A. taking any corrective actions needed to maintain or improve performance.
B. motivating people to perform at a high level.
C. using personality to establish equilibrium in the workplace.
D. deciding what organizational goals to pursue.
E. obtaining customers by producing goods and services more cheaply than any competitor.
Answer: A
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Answer the following statements true (T) or false (F)
1) When businesses accept payment by credit and debit cards, the costs of processing fees are greater than the benefits of transferring the risk of not being able to collect from the customer and avoiding the costs associated with credit customers. 2) Credit cards reduce the customer's bank account immediately but allow the customer to pay electronically instead of with currency or writing a check. 3) Factoring occurs when a business sells its receivables to a finance company or bank. 4) When a business factors its receivables, it uses the receivables as security for a loan. 5) When a business factors its receivables, the factor collects cash on the receivables.
The goal of a successful credit policy is to maximize the potential profit on total credit sales while
a. limiting credit losses to an acceptable level. b. minimizing the number of credit customers. c. keeping credit sales as low as possible. d. selling only to customers who will pay.
The device that connects two or more computer networks is called a ________.
A) router B) workgroup switch C) Network Access Point D) core switch
Which of the following philosophers introduced the idea that power as a means to an end can be virtuous but that power as an end is inherently undesirable?
A) Bertrand Russell B) Max Weber C) Machiavelli D) Bierstedt