Which of the Following Is True About the Control Process

question 2

Multiple Choice

Which of the following is true about the control process?

• A)Managers can easily take corrective action when reasons for poor performance are identified.
• B)Outputs and behavior can be measured easily always.
• C)It is easy to measure the outputs and behavior of complex, nonroutine activities.
• D)Managers should never revise performance standards to a lower level.
• E)Managers develop performance standards to measure behavior first and then outputs.

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Definitions:

Accounts Receivable

Unsettled payments by customers to a company for delivered goods or services.

ABC Model

A management approach that identifies and assigns costs to activities and then links them to specific products, services, or customer segments.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory.

Inventory Value

The total cost or market value of all the goods held by a company intended for sale.