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?
A
Any deviation must be determined and documented for record-keeping purposes. No further action is necessary.
B
Any deviation must be determined and analyzed to determine what caused the deviation. No further action is necessary.
C
Any deviation must be determined and analyzed to determine what caused the deviation. Corrective action is taken as necessary.
D
Any deviation must be determined. No further action is necessary.
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Question 1 / 205eccef9dbacbc34ba4d45db7
Question 1 of 205eccef9dbacbc34ba4d45db7
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?
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?