…………… is the process of comparing actual performance with the standard and taking corrective Action.

Related MCQs

• ………………..is a group of workers from the same area who usually meet to discuss their problems, investigate, recommend solutions and to corrective actions
• The difference between the actual cost and standard cost is called
• ………………..is the process of creating and using mathematical representations of management problems and organizations to predict outcomes of proposed courses of action
• ………. is the process of reporting daily progress of work in each shop in a prescribed proforma and to investigate the causes of deviations from the planned performance and to take necessary actions
• ………………is a measure the actual level of output for a process or activity over a period of time.
• …………………….. involves determination of the progress of work, removing bottlenecks in the flow of work and ensuring that the productive operations are taking place in accordance with the plans
• Continuous stock taking is a part of
• The differences between the actual demand for a period and the demand forecast for that period is called:
• …………………….is a Manufacturing systems utilizing computer software programs that control the actual machine on the shop floor.
• This cost is the cost associated with measuring evaluating, or auditing products or services to assure conformance to quality standards and performance requirements