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:

Physical Flow

The actual movement of goods or materials through a production process, from receipt of raw materials to the delivery of final products.

Work In Process

Items that are in the middle of the production process but not yet finished goods.

Physical Units

A measure of product expressed in terms of tangible units, such as pieces or gallons, rather than in monetary value.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average of all units available for sale.