The planning and control process within an entity means that:
A)business can respond to variances between plans and actual performance.
B)business is only concerned with actual performance.
C)plans are followed rigidly at all times.
D)plans and actual performance do not vary.

Question

Quizplus · Accepted Answer

The planning and control process involves creating plans and comparing actual performance against those plans to identify variances. By doing so, the business can respond and make changes to improve performance and achieve its goals. It does not mean that plans are followed rigidly, nor that actual performance will always match the plans.

The Planning and Control Process Within an Entity Means That