John, the owner of a lawn care service, likes to meet with his employees six months after their yearly evaluation to discuss how they are progressing on suggestions on and plans to improve their yearly job evaluation. At this point, by comparing the six-month results with the past evaluation, John is in the ______ steps of the planning/control cycle.
A. control
B. planning
C. organizing
D. observation
E. termination
A. control
Controlling the direction includes the corrective action in the fourth step of the cycle, which (a) can get a project back on track before it's too late by correcting deviations or (b) if it's too late, can provide data for improving future plans. In this case, at the end of the performance period, the information can be used to improve future plans.
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When benchmarking an ideal employee, which of the following is recommended once managers in a workshop have a composite profile of an ideal employee?
a. Have each manager compare the composite to their own past behaviors before they became management. b. Have the facilitator explain that while such a composite may be ideal, it is unrealistic in its expectations of human behavior. c. Break down the composite into component parts and identify which parts are ones actually witnessed in the real operation of the company. d. Present the composite to subordinates for benchmarking and analysis.
Ideal standards do not allow for normal operating delays or human limitations
Indicate whether the statement is true or false
The alternative minimum tax (ATM) is most likely to have a negative impact on
A) low income earners. B) retired individuals. C) high income earners with substantial deductions. D) death estates.
The balance sheet value of a firm's assets minus the balance sheet amount of its liabilities is known as
A) par value. B) book value. C) liquidation value. D) market value.