Analyze how the four steps of the control process and explain how each step contributes to the control function

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Analyze how the four steps of the control process and explain how each step contributes to the control function. Describe the three types of controls. How can the effectiveness of controls be assessed in an organization? Is this assessment different for a global organization A management control system is plan that detects if an organization is deviating away from their goals and/or standards and makes any adjustments to get back on track (Bierman et al., 2016). There are four steps to the control process; (1) establishing performance standards, (2) measuring performance, (3) comparing performance against standards, and (4) evaluation and corrective action (Bierman et al., 2016) The control process is the system that allows setting, measure, match and tweak any business activities such...

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Published On:
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