Which of the Following Is NOT a Recognized Possible Course

question 142

Multiple Choice

Which of the following is NOT a recognized possible course of action for managers to take when actual performance falls outside an acceptable range of variation?

• A) take corrective action
• B) change the standards
• C) ignore the performance data
• D) do nothing

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Definitions:

Predetermined Amount

A specific quantity or value that has been established in advance.

ITQs

Individual Transferable Quotas, a system used in resource management whereby individuals or companies are allocated the right to catch or harvest a certain amount of a resource.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, highly valued for its taste, nutritional content, and as a resource in many fishing industries.

Market Price

The current price at which a good or service can be bought or sold in a market.