Managers Always Use These for Performance Standards During the Control

question 19

Multiple Choice

Managers always use these for performance standards during the control process.

• A)goals created during the planning process
• B)plans created during the planning process
• C)generic performance standards for the industry
• D)standards developed by performance experts

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent or a salaried employee's wages.

Variable Costs

Expenses that change in proportion to the activity or volume of production, sales, or services rendered.

Fixed Costs

Charges that are unaffected by production or sales volume, for example, monthly rent or payroll expenses.

Selling Price

The price at which a product or service is offered to customers.