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

Question

Quizplus · Accepted Answer

The size of the difference between actual performance and a performance standard is referred to as variance. When setting standards, the supervisor should decide how much variance is meaningful for control purposes.

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