In the Control Process, Which of the Following Steps Follows

question 46

Multiple Choice

In the control process, which of the following steps follows the measurement of performance?

• A) Considering corrective action
• B) Comparing performance against standards
• C) Establishing standards
• D) Developing effective performance measures
• E) Setting standards consistent with organizational goals

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Definitions:

Occupiers' Liability Act

Legislation that defines the duty of care owed by individuals or entities that control premises towards those who enter them.

Legal Duty

An obligation arising from law that requires an individual or entity to conform to a standard of conduct.

Prudent Person

An individual who exercises caution and good judgment when making decisions, often used as a standard for legal and financial decisions.

Misstatement

An error or inaccuracy in financial information or statements, which can be intentional (fraud) or unintentional.