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Differentiate between a performance evaluation, management control and an operational control.
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Explanation of Solution
Performance Evaluation |
Management Controls |
Operational Controls |
It is a management tool used by a company to evaluate the effectiveness of the job responsibilities and the performance of their employees. A performance evaluation is useful for assessing whether the employee performance is in accordance with the overall objective of the organization. |
It is a thorough evaluation of the top level managers on the performance of middle level managers. The performance is assessed to identify and measure any deviations and corrective actions are taken. |
It is the evaluation of the performance of the operational level employees by the mid-level management. |
Table (1)
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Chapter 18 Solutions
Cost Management
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