In the Planning/control Cycle, Comparing the Results with the Plan

question 36

True/False

In the planning/control cycle, comparing the results with the plan is one of the control steps.

---

Definitions:

Marginal Costs

The uptick in full pricing incurred by the generation of another unit of a product or service.

Marginal Benefits

The increase in utility or satisfaction from consuming or producing an extra unit of a good or service.

Post Hoc

A logical fallacy that assumes that if one event occurs after another, then the first event must have caused the second.

Ergo Propter Hoc

Refers to the logical fallacy where it is assumed that because one thing follows another, the first thing caused the second.