Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 7.6, Problem 7.6AQ
Summary Introduction

To determine: The factors that could affect the achievement of the performance standard and necessary corrective actions.

Introduction:

The set standards would help to evaluate the performance of the business or an individual, so an extra care and study is required before setting standards. Under control process actual results are compared with the standards.

Blurred answer
Students have asked these similar questions
"How can a company effectively utilize CRM software to improve customer satisfaction and retention, and what are some key features and best practices that should be considered during implementation?"
Asset and inventory management is the way an organization monitors the assets it owns. The organization tracks items such as location, maintenance requirements, and performance until the item is no longer in service. 1. Is asset and inventory management important to conducting a business impact analysis? Why or why not?
Identify an oil pipeline or maritime tanker accident that forever changed industry standards. How did it specifically change standards and how did the standards affect the way the companies operate?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON