CH 10 Flashcards

1
Q

Monitoring Process

A

Evaluating performance, identifying deviations, and ensuring effective management.

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2
Q

Management Information System (MIS)

A

A system that gathers and presents data for measuring performance.

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3
Q

Standards

A

Metrics used to measure performance, established during planning.

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4
Q

Historical Standards

A

Performance measures based on past data (internal or external).

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5
Q

Engineered Standards

A

Performance measures based on a work analysis.

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6
Q

Assessing Performance

A

Comparing actual performance to established standards.

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7
Q

Simplicity (MIS)

A

Easy-to-understand and compare data in the MIS.

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8
Q

Accessibility (MIS)

A

Quick and easy access to information in the MIS.

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9
Q

Merge Capability (MIS)

A

Combining internal and external data in the MIS.

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10
Q

Adaptability (MIS)

A

Flexible MIS that handles changing situations.

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11
Q

Historical Standard - Advantage

A

Readily available, based on prior performance.

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12
Q

Historical Standard - Disadvantage

A

May perpetuate outdated practices.

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13
Q

Engineered Standard - Example

A

Premium transactions per employee.

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