Question: Classify the following control methods as preventive, corrective, or diagnostic. Answer 1 CorrectiveDiagnosticPreventiveAvoiding excessive spending during the period.Answer 2 CorrectiveDiagnosticPreventiveComparing the company's share of annual
Classify the following control methods as preventive, corrective, or diagnostic.
Answer CorrectiveDiagnosticPreventiveAvoiding excessive spending during the period.Answer CorrectiveDiagnosticPreventiveComparing the company's share of annual market sales with a close competitor's share of annual market sales.Answer CorrectiveDiagnosticPreventiveDaily comparison of actual production with budgeted production.Answer CorrectiveDiagnosticPreventiveEstablishing standard costs.Answer CorrectiveDiagnosticPreventiveDiscussing yearend responsibility report variances with segment manager.Answer CorrectiveDiagnosticPreventiveUpdating ethical guidelines to address contemporary issues.
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