Differentiate between a performance evaluation, management control and an operational control.
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)
Want to see more full solutions like this?
Chapter 18 Solutions
Cost Management
- Subject: General Accountingarrow_forwardThe following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 32,500 Actual rate per hour $18.00 Standard rate per hour $16.50 Standard hours for units produced 32,000 How much is the direct labor efficiency variance? Answer: $8,250 unfavorablearrow_forwardPlease answer me this accounting questionarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education