What term describes: 'the forecasting of differences between actual and planned outcomes, and the implementation of...

What term describes: 'the forecasting of differences between actual and planned outcomes, and the implementation of action, before the event, to avoid such differences'?

Direct control
Variance analysis
Budgeting

d)Feedback control

Expert Solution

Option B i.e. Variance analysis is the correct answer.

Below theory on performance reports and calculation of variances will help in understanding the concept:-

ekkarill92 answered 2 years ago

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