65. In setting up a managerial control system, the standard must be established, and a means of measuring performance against that standard must be established. What statement is true concerning the comparison between performance and the standard?

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any deviation must be determined and analyzed to determine what caused the deviation. corrective action is taken as necessary.

65. In setting up a managerial control system, the standard must be established, and a means of measuring performance against that standard must be established. What statement is true concerning the comparison between performance and the standard?

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