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Evaluation and
Control - Coggle Diagram
Evaluation and
Control
Measuring Performance
APPROPRIATE MEASURES
A firm, therefore, needs to develop measures that pre- dict likely profitability. These are referred to as steering controls because they measure variables that influence future profitability
TYPES OF CONTROLS
Output controls specify what is to be accomplished by focusing on the end result of the behaviors through the use of objectives and performance targets or milestones.
Behavior controls specify how something is to be done through policies, rules, standard operating procedures, and orders from a superior
Input controls empha- size resources, such as knowledge, skills, abilities, values, and motives of employees
ACTIVITY-BASED COSTING
an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.
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