Measuring Process Outputs at Various Points in Order to Compare

question 17

Multiple Choice

Measuring process outputs at various points in order to compare outputs to previously established standards to determine if corrective action is needed is called:

• A)planning and directing.
• B)directing and conversion.
• C)feedback and control.
• D)controlling and leading.
• E)leading and transformation.

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Definitions:

Year-End Inventory

The total value of a company's merchandise, goods, and materials on hand at the end of a fiscal year, used to calculate cost of goods sold and profitability.

Balance On Hand

The amount of cash or resources available for use immediately, often referenced in accounting and inventory management.

Units In

A term referring to the quantity of stock or inventory items received or available in a supply chain or business.

Extension Column

In accounting, a column in ledger books or spreadsheets where amounts are extended; for example, quantity multiplied by unit price.