Management Control Includes All of the Following Steps Except

question 56

Multiple Choice

Management control includes all of the following steps except

• A)setting standards.
• B)revising budgets.
• C)comparing actual performance to standards.
• D)taking corrective action.

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Definitions:

Activity

An event that causes the consumption of overhead resources in an organization.

Cost Driver

A factor that causes a change in the cost of an activity, such as machine-hours or labor hours, used in determining pricing and profitability.

Flexible Budgets

Budgets that adjust or flex with changes in the volume or level of activity.

Measure of Activity

An identifier used to gauge the level or intensity of activity within a certain process or system.