Standards refer to the criteria against which performance is measured
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Standards refer to the criteria against which performance is measured. Setting standards is the first step of the control cycle.
You might also like to view...
What is power distance, and what are the difference between high-power distance and low-power distance societies?
What will be an ideal response?
Due to the high incidence of corporate frauds today, the direct costs of unethical business practice are less visible now than they have ever been before.
Answer the following statement true (T) or false (F)
The value of a project depends on the cost of the project
Indicate whether the statement is true or false
Which of the following methods requires evaluators to agree on which jobs are the most and least valuable, then the next most and least valued, and so on, until all the jobs have been ordered?
A. The paired-comparison method B. The classification method C. The alternation-ranking method D. The point method