Chapter 6: Controlling Activities and Operations Flashcards

1
Q

What is controlling?

A

The process of monitoring, comparing, and correcting work performance.

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2
Q

Control process: What is the three-step process?

A

Step 1: Measure actual performance

Step 2: Compare actual performance against standard

Step 3: Take managerial action

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3
Q

For control process step 1, what do we measure and how do we measure?

A

What do we measure?
Keeping cost within budget, quantity & quality of units, employee absenteeism, productivity levels etc….

How do we measure?
Personal observation, statistical report, oral or written report etc……..

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4
Q

For control process step 2, what is the model?

A

Actual performance

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