Match the Options Below with the Correct Phrases

question 16

Multiple Choice

Match the options below with the correct phrases:
-concurrent control

• A)an area of operations that directly affects the survival of a firm and the success of its most essential activities
• B)feedforward, concurrent, and feedback controls
• C)a control that focuses on results
• D)a guideline or benchmark for measurement
• E)in-process controls (during the "event")
• F)a control that prevents defects
• G)the process through which standards for the performance of people and processes are applied
• H)establishing performance standards, measuring performance, comparing measured performance to established standards, and taking corrective action

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Definitions:

Observations

The act of monitoring or recording systematically selected variables or phenomena to gather data for analysis.

Illusory Correlation

The mistaken perception of a relationship between two variables that are, in fact, not related.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, where individuals create their own "subjective reality" from their perception.

Temporal Precedence

A principle stating that for one thing to cause another, the cause must occur before the effect.