What happens first in the control process? How are its Steps 1 and 3 related? What will happen in the process if no deviations from established standards are discovered?
Answer to relevant QuestionsHow do managers assist an organization to achieve its goals and objectives? Why must controls be integrated into a coherent system to work most effectively? What is a standard cost center? A revenue center? A discretionary expense center? A profit center? An investment center? How do all five centers enter into the budget process? How do EOQ and JIT systems control inventory? What is the difference between a job and a career?
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