Question: Classify the following control methods as preventive, corrective, or diagnostic. Answer 1CorrectiveDiagnosticPreventive Avoiding excessive spending during the period. Answer 2CorrectiveDiagnosticPreventive Comparing the company's share of
Classify the following control methods as preventive, corrective, or diagnostic.
| Answer 1CorrectiveDiagnosticPreventive | Avoiding excessive spending during the period. |
| Answer 2CorrectiveDiagnosticPreventive | Comparing the company's share of annual market sales with a close competitor's share of annual market sales. |
| Answer 3CorrectiveDiagnosticPreventive | Daily comparison of actual production with budgeted production. |
| Answer 4CorrectiveDiagnosticPreventive | Establishing standard costs. |
| Answer 5CorrectiveDiagnosticPreventive | Discussing year-end responsibility report variances with segment manager. |
| Answer 6CorrectiveDiagnosticPreventive | Updating ethical guidelines to address contemporary issues. |
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