Identify the steps in creating a control process that measures and evaluates project performance.
Fill in the blank(s) with the appropriate word(s).
Answer will vary
(1) Set the baseline plan; (2) Measure the progress and performance; (3) Compare plan against actual; (4) Take action as indicated by the results.
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Juan is faced with multiple choices of suppliers who have the same product at virtually the same price. He also knows there are many more suppliers out there that would be comparable; however, he has a short amount of time to make up his mind, so he chooses Elrood Gasket's product. Why type of decision does this represent?
A. groupthink B. confirmation C. bounded D. satisficing E. programmed
The EU began as a common market for
A. all imported goods from beyond Europe. B. the textile and dairy industries. C. the coal and steel industries. D. the transportation industries.
Steve wasn't sure what kind of salsa he wanted to get for his upcoming Super Bowl party. It seemed like there were dozens of varieties to choose from. He noticed that he could sample a few at a tasting station in the store. He tried four, rejected two, and bought several jars of the two he really liked. He also ended up buying a different-and more expensive-kind of tortilla chip after tasting it. Marketers identify this as a successful example of
A. decision rules. B. in-store demonstrations. C. social factors. D. advertisements. E. learning.
Negative feedback ______.
A. helps organizations respond to customers or clients more effectively B. offers a basis for corrective action to be planned and taken C. A and B D. neither A nor B