Comparing performance to standards is what step in the control systems process?
a. step 1
b. step 2
c. step 3
d. step 4
c. step 3
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In the liquidity-preference model,
A. both the nominal interest rate and the price level in the economy are exogenous variables. B. both the nominal interest rate and the price level in the economy are endogenous variables. C. the nominal interest rate is an exogenous variable, while the price level in the economy is an endogenous variable. D. the nominal interest rate is an endogenous variable, while the price level in the economy is an exogenous variable.
_____________, more commonly known as the cause-and-effect relationship, is a type of inductive reasoning.
a. Cognitive dissonance b. Causal reasoning c. Analogical reasoning d. Deductive reasoning
During the era of internationalization, what was the main tool to incentivize employees to work overseas?
a) International experience b) Promotion c) Adventure d) Financial
Matrix management
A. creates an environment in which the unity-of-command principle is strictly followed. B. results in a centralized decision-making system. C. is composed of dual reporting relationships in which some employees report to two superiors. D. involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority. E. is a collection of independent, mostly single-function firms that collaborate to produce a good or service.