In setting up a managerial control system, the standard must be established, and a means of measuring performance against that standard must be establ...

Question

In setting up a managerial control system, the standard must be established, and a means of measuring performance against that standard must be established. What statement is true concerning the comparison between performance and the standard?

Accepted Answer

Any deviation must be determined and analyzed to determine what caused the deviation. Corrective action is taken as necessary.

Engine: General Subjects

In setting up a managerial control system, the standard must be established, and a means of measuring performance against that standard must be established. What statement is true concerning the comparison between performance and the standard?

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