You control the way your program is compiled by specifying Compiler directives. For example, you use a Compiler directive to specify that you want the Compiler to produce a file in generated code format. You can also direct the Compiler to produce a source code listing file and an object code listing file.
You can compile (without linking) using the cobol command, and compile and link your program in one step using the cbllink utility.
You can also instruct the Compiler to automatically invoke the Linker to create an executable file.
You can either specify all the information required on the command line, or use the Compiler prompts.