There are four functions of management: planning, leading, organizing and controlling. The controlling function of management is one of these four functions of management. Management is a process. This process includes four functions which include planning, organizing, leading, and controlling. While all four functions are critical when being an effective manager, this assignment focuses on the controlling function of management. Remember, the controlling function of management determines if the organization is on target to reach its goals. T/F

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)