The Control That Permits Managers to Use Information on Past

question 19

Multiple Choice

The control that permits managers to use information on past performance to bring future performance in line with planned objectives is referred to as

• A) concurrent control.
• B) feedback control.
• C) feedforward control.
• D) outcome control

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Definitions:

Journal Entry

A record in the accounting journal that represents a business transaction and its effect on the accounts.

Manufacturing Overhead

All indirect costs associated with the production process, from maintenance expenses of the production facility to the supplies needed for operation.

Work in Process

Goods that are midway through the manufacturing process but are not fully finished.

Journal Entry

A record in accounting that represents a transaction, consisting of debits and credits, in the financial books.