When comparing actual performance against chosen standards, mangers must decide whether the deviation is substantial enough to warrant taking corrective action by:
A)Determining the cause and take corrective action
B)Determining an acceptable range of performance levels above and below the standard
C)Determining if the variance is significant
D)Computing the variance
E)All of these choices are correct

Question

Quizplus · Accepted Answer

Managers must determine the cause of the deviation, establish an acceptable range of performance, assess if the variance is significant, and compute the variance to decide on corrective actions.

When Comparing Actual Performance Against Chosen Standards, Mangers Must Decide