Question

Distinguish planning decisions from control decisions.

A.

Planning decisions focus on organizational goals without consideration of past performance. Control decisions focus on predicting results under various alternative ways of achieving those​ goals, deciding how to attain the desired​ goals, and deciding how to evaluate performance.

B.

Planning decisions are budget​ oriented, where control decisions focus on financial reporting.

C.

Planning decisions focus on selecting organization​ goals, predicting results under various alternative ways of achieving those​ goals, deciding how to attain the desired​ goals, and communicating the goals and how to attain them to the entire organization. Control decisions focus on taking actions that implement the planning​ decisions, deciding how to evaluate​ performance, and what related feedback to provide that will help future decision making.

D.

Planning decisions focus on examining past performance and systemically exploring alternative ways to make​ better-informed decisions and plans in the future. Control decisions focus on taking actions that implement the planning​ decisions, deciding how to evaluate​ performance, and what related feedback to provide that will help future decision making.

Answer 1

C.

Planning decisions focus on selecting organization​ goals, predicting results under various alternative ways of achieving those​ goals, deciding how to attain the desired​ goals, and communicating the goals and how to attain them to the entire organization. Control decisions focus on taking actions that implement the planning​ decisions, deciding how to evaluate​ performance, and what related feedback to provide that will help future decision making.

Explanation:

Planning decisions involve obtaining certain information, identifying problems and uncertainties, making predictions and choosing alternatives. It involves preparing budgets, estimating cost and sales, etc.

Controlling decisions involve implementing the planning decisions and evaluating the performance and taking appropriate corrective actions to control the deviations from the plans.