Question: As youve learned in Chapter 15, the basic control process includes: Setting performance standards, Measuring actual performance, Comparing actual performance with standards or goals, Analyzing

As youve learned in Chapter 15, the basic control process includes:

  • Setting performance standards,

  • Measuring actual performance,

  • Comparing actual performance with standards or goals,

  • Analyzing deviations,

  • Taking corrective action.

  1. Considering your business purpose and objectives which area(s) of your business do you think most need control processes? Why?

  2. Describe in detail two of your control processes.

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