Suppose That,in Reviewing a Quarterly Report of a Department's Achievements,the

question 156

Multiple Choice

Suppose that,in reviewing a quarterly report of a department's achievements,the manager compared desired performance with actual performance.If the manager found that actual performance was GREATER than the standard,the manager should __________.

• A)Take no corrective action.
• B)Take corrective action to bring performance results in line with the standard.
• C)Take action to understand why actual results exceeded the standard.
• D)Defer action until the next quarter's reports are in and a trend is established.
• E)Keep the information to himself/herself.

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Definitions:

Fluctuated

Describes variations or changes in level, strength, or value over a period of time.

Proved Reserves

Quantities of natural resources, like oil or gas, that geological and engineering information indicates with reasonable certainty can be recovered under existing economic and operating conditions.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, cooking, and electricity generation.

Consumption Rate

The speed at which goods and services are consumed or used up, often reflecting the economic activity level.