In setting up a managerial control system,...

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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?

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🔍 Key Concepts

• Managerial control cycle (set standard → measure performance → compare → take action) • Difference between record-keeping and control/correction • Purpose of analyzing the cause of deviations from a standard

💭 Think About

• Ask yourself: In a true control system, what is supposed to happen when performance does NOT meet the standard? • Which options actually close the loop by not only finding the deviation, but also using that information to improve operations? • Which answers stop the process too early, turning it into paperwork instead of real management control?

✅ Before You Answer

• Does the choice include identifying a deviation from the standard? • Does the choice include analyzing the cause of the deviation, not just noting it? • Does the choice include some kind of follow‑up action when performance is not at the desired standard?

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