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 1CorrectiveDiagnosticPreventiveAvoiding excessive spending during the period.Answer 2CorrectiveDiagnosticPreventiveComparing the company's share of annual market sales with a close competitor's share of annual market sales.Answer 3CorrectiveDiagnosticPreventiveDaily comparison of actual production with budgeted production.Answer 4CorrectiveDiagnosticPreventiveEstablishing standard costs.Answer 5CorrectiveDiagnosticPreventiveDiscussing year-end responsibility report variances with segment manager.Answer 6CorrectiveDiagnosticPreventiveUpdating ethical guidelines to address contemporary issues.

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