Control based on the use of pricing mechanisms and economic information is referred to as
A)clan control.
B)feedback control.
C)market control.
D)feedforward control.
E)bureaucratic control.

Question

Quizplus · Accepted Answer

Control based on pricing mechanisms and economic information is referred to as market control, where the forces of supply and demand determine the price and allocation of resources. The other options are different types of control mechanisms. Clan control is based on shared values and beliefs within a group or organization, feedback control involves monitoring and responding to actual results, feedforward control involves anticipating and preventing potential problems, and bureaucratic control relies on rules and regulations to govern behavior.

Control Based on the Use of Pricing Mechanisms and Economic