In the context of controlling,the size of the difference between actual performance and a performance standard is referred to as a(n):
A) exception metric.
B) measurement error.
C) variance.
D) critical path.

Question

Quizplus · Accepted Answer

The size of the difference between actual performance and a performance standard is called variance. Variance measures the deviation or difference between what was expected and what actually happened. It is an important metric in measuring performance and controlling processes.

In the Context of Controlling,the Size of the Difference Between