Define the four steps in the control process.
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Step 1: Establish the standards of performance, goals, or targets against which performance is to be evaluated.
Step 2: Measure actual performance.
Step 3: Compare actual performance against chosen standards of performance.
Step 4: Evaluate the result and initiate corrective action (that is, make changes) if the standard is not being achieved.
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Which statement does not support the claim that an unconditioned ethical directive such as the one the economic model of corporate social responsibility demands of business management is inappropriate for utilitarian theory?
A. It is claimed that once market failures are adequately addressed by the government, business just needs to obey the law that addressed them. Business, however, has the ability to inappropriately influence government policy and the law. B. Markets can work to prevent harm only by first-hand experience with harms that have to occur before they can be remedied. C. Business has the ability to influence consumers' desires by helping shape those desires through advertising. D. A more precise formulation of a utilitarian-based principle would be to maximize profit whenever doing so produces the greatest good for the greatest number, with the proviso that managers must consider the impact a decision will have in many ways other than merely financial.
Which of the following is not a permissible reason for a regular corporation to accumulate earnings at the entity level and avoid the imposition of the accumulated earnings tax?
A. To construct a new plant facility in connection with expanding the corporation's business into a new geographic region B. To fund the development of a new product line C. To accumulate a fund of cash with which to pay off long-term debt due in twenty years D. To invest in the stock of an unrelated company to take advantage of the dividends received deduction
Jobs included in the work experience section of a résumé may be listed in chronological order or in order of job relatedness
Indicate whether the statement is true or false
Describe the impact of trade promotions on cycle inventory
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