Market control
A) does not assume that the interests of the organization and individuals naturally diverge.
B) is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them.
C) includes such items as budgets, statistical reports, and performance appraisals.
D) uses prices, competition, and exchange relationships to regulate activities.
E) is the use of rules, standards, regulations, hierarchy and legitimate authority to guide performance.

Question

Quizplus · Accepted Answer

Market control is the use of prices, competition, and exchange relationships to regulate activities. This method is often used in the private sector to control and influence the behavior of individuals and organizations in the market. It does not assume any shared values or interests between the organization and employees, and it relies on market forces to regulate performance. Budgets, statistical reports, and performance appraisals are tools used in other forms of control, such as bureaucratic or clan control.

Market Control