Which of the following is the first major step in a typical control process?
A) comparing performance with standards
B) setting standards
C) taking corrective action
D) developing values
E) measuring performance
B) setting standards
A typical control system has four major steps: setting performance standards, measuring performance, comparing performance against the standards and determining deviations, and taking action to correct problems and reinforce successes.
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IT Technology has designed its corporate structure with divisions based on their location. For example, there are the Southern and Northern Divisions, and globally there are the European Division and the Asian Division. IT Technology is an example of a structure with
A. geographic divisions. B. matrix partitions. C. customer divisions. D. common area divisions. E. product divisions.
Which one of the following is the last step in the accounting cycle?
a. Journalizing business transactions b. Recording and posting adjustments c. Closing the accounts d. Preparing financial statements
Comparing dividends per share to earnings per share indicates the extent to which the corporation is retaining its earnings for use in operations
Indicate whether the statement is true or false
Some countries have enacted "language laws" in advertising in order to: A) preserve the purity of the country's primary language
B) require advertisers to be clear and honest about their products. C) protect children from inappropriate language. D) all of the above.