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?

Question

Accepted Answer

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

Answer

Any deviation must be determined and documented for record-keeping purposes. No further action is necessary.

Answer

Any deviation must be determined and analyzed to determine what caused the deviation. No further action is necessary.

Answer

Any deviation must be determined. No further action is necessary.

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