The Process of Comparing Outputs to Previously Established Standards to Determine

question 62

Multiple Choice

The process of comparing outputs to previously established standards to determine if corrective action is needed is called

• A)planning.
• B)directing.
• C)controlling.
• D)budgeting.
• E)disciplining.

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Definitions:

Financial Advantage

The benefit gained in terms of money, that gives an individual or business a better position compared to others.

Common Input

A resource or factor that is used in the production or creation of multiple goods or services, shared across different processes or products.

Grinding Machines

Equipment utilized in various industries for the purpose of grinding or reducing the size of raw materials into smaller, finer pieces.

Profitable Use

The efficient and effective use of resources or assets to generate maximum profits or financial gains.