Investigating production variances and adjusting the production process is an example of
A) planning.
B) control.
C) internal auditing.
D) both a and c

Question

Quizplus · Accepted Answer

Investigating production variances and adjusting the production process is a part of controlling the production process. It involves monitoring the results against the planned objectives and taking corrective action to achieve the desired results. Internal auditing, on the other hand, is a separate process that evaluates the effectiveness of controls and provides recommendations for improvement. Planning is the initial step in the management process that involves setting objectives and determining the resources needed to achieve them. Therefore, the best choice is B) control.

Investigating Production Variances and Adjusting the Production Process Is an Example