Cost Management
Cost Management
8th Edition
ISBN: 9781259917028
Author: BLOCHER, Edward
Publisher: Mcgraw-hill Education,
Question
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Chapter 18, Problem 1Q
To determine

Differentiate between a performance evaluation, management control and an operational control.

Expert Solution & Answer
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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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