In the Control Process, Which Step Follows "Measuring Actual Performance

question 88

Multiple Choice

In the control process, which step follows "measuring actual performance"?

• A) establishing standards
• B) obtaining employee input to performance gaps
• C) comparing actual performance against a standard
• D) logging actual performance
• E) checking performance measurement for reliability

---

Definitions:

Adjusting Entry

An accounting entry made into a company's general ledger at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for the purpose of resale to customers.

Chart of Accounts

A systematic list of all account titles and numbers being used by an organization to organize its financial transactions and to prepare financial reports.

FOB Destination

A shipping term indicating that the seller bears the shipping costs and retains ownership until the goods reach the buyer.