Strategy, size, technology, and the degree of uncertainty in the environment together make up what is called a contingency variable.
Contingency variables are the individual factors that could affect the outcome or relationship between two variables. For instance, setting up a company for high production depends on the team of employees managing the company. Therefore, the team of employees is a contingency variable.
Strategy, size, technology, and uncertainty in the environment are the four contingency variables that directly affect the management control system of the company. It affects the type and amount of the production of the company.
Before, setting up a company, these are important contingency variables that determine the possibility of setting up and functioning the business.
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