After a Manager Has Compared Actual Performance with Standards,the Next

question 126

Multiple Choice

After a manager has compared actual performance with standards,the next step is to:

• A)take corrective action if needed.
• B)investigate the reasons for poor performance.
• C)determine the reasons for any deviations.
• D)Identify the employee(s)responsible for the deviations.

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Definitions:

Remaining to Spend

The amount of budget or funds left available to use or allocate.

Cost Of Goods

The direct expenses associated with producing goods, including materials and labor costs, but excluding indirect expenses like distribution and sales force costs.

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Sales

the exchange of goods or services for money, representing a key activity for businesses to generate revenue.