Which keyword signifies the control phase in managerial accounting?

The control phase in managerial accounting focuses on monitoring and evaluating organizational performance against the set goals and plans. The keyword that best captures this aspect is "Track." In the context of managerial accounting, tracking involves gathering data on various financial and operational metrics to assess how well an organization is adhering to its budgets and objectives.

By effectively tracking performance, managers can identify variances from their plans, determine the reasons for these deviations, and make informed decisions to bring operations back in line with strategic goals. This ongoing process of tracking is crucial for ensuring that the organization remains on its intended path and can respond proactively to any issues that arise.

The other options—implement, examine, and set—focus more on different aspects of the managerial accounting process. "Implement" relates to putting plans into action, "examine" suggests analysis, and "set" pertains to establishing goals. However, tracking is specifically about the ongoing assessment and control of those established goals, making it the most relevant keyword for the control phase.