What is the definition of control?
A)the process of setting standards,receiving feedback,and taking corrective action
B)a quantification of plans,stated in either physical or financial terms,or both
C)identification of corporate objectives
D)a comprehensive financial plan

Question

Quizplus · Accepted Answer

Control refers to the process of setting standards or goals, gathering information or feedback on actual performance, and taking corrective actions as needed to ensure that goals are met. Option A specifically includes all these elements of the control process. Option B refers to budgeting, while option C refers to strategic planning. Option D refers to financial planning but does not capture the essence of control.

What Is the Definition of Control