B.M. II 1.01 Flashcards

Front

The management function that involves monitoring work efforts by comparing actual results to standards and taking corrective action.

Back

Managerial Control

Front

Controls designed to monitor and control performance before it occurs.

Back

Feedforward Control

Front

Monitoring and controlling performance while it is occurring.

Back

Concurrent Control

Front

Monitoring and controlling performance after it has already occurred.

Back

Feedback Control

Front

Steps taken to address variances between actual performance and standards.

Back

Corrective Action

Front

Costs associated with inspecting and catching defective products quickly.

Back

Appraisal Costs

Front

Costs related to planning and implementing quality measures to avoid defective products.

Back

Prevention Costs

Front

Costs incurred when defective products are detected before reaching customers.

Back

Internal Failure Costs

Front

Costs incurred when defective products reach customers.

Back

External Failure Costs

Front

The ability to manage financial, social, and environmental risks and opportunities for long-term viability.

Back

Sustainability