which of the following describes the managerial Chapter 1Qui

Chapter 1-Quiz-Cost Fall17 5) Which of the following describes the managerial activity of comparing actual results with budgeted results? control continuous improvement ? planning decision making

Solution

Answer-Control

The controlling function is achieved by measuring performance, comparing actual performance with budgets, and taking action when needed. Managers use different approaches to analyze performance. Both the performance of managers and the performance of a segment, product, or other unit of company are measured.

Answer-Control The controlling function is achieved by measuring performance, comparing actual performance with budgets, and taking action when needed. Managers use different approaches to analyze performance. Both the performance of managers and the performance of a segment, product, or other unit of company are measured.