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control

Definition 1

Management process in which the (1) actual performance is compared with planned performance, (2) difference between the two is measured, (3) causes contributing to the difference are identified, and (4) corrective action is taken to eliminate or minimize the difference.

Definition 2

Device or mechanism installed or instituted to guide or regulate the activities or operation of an apparatus, machine, person, or system.

Definition 3

Ownership of controlling shares in a firm.








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