In the "check" and "adjust" phases of the business planning and analysis process, managers must evaluate measured performance and decide on what changes need to be made. The evaluation process cannot begin until:
A) Useful performance standards are established.
B) A SWOT analysis has been completed.
C) Best-in-practice external benchmarks are available.
D) The nature of responsibility centers is understood.

Question

Quizplus · Accepted Answer

Useful performance standards are established because they provide a clear basis for comparison, allowing managers to evaluate whether actual performance meets, exceeds, or falls short of these standards, which is essential for the "check" phase.

In the "Check" and "Adjust" Phases of the Business Planning