______ Controls Are Objective Criteria That Allow Corporate Managers to Evaluate

question 98

Multiple Choice

______ controls are objective criteria that allow corporate managers to evaluate the returns earned by individual business units.

• A) Strategic
• B) Managerial
• C) Financial
• D) Environmental

---

Definitions:

Sales Account

An account used to record the revenue from sales of goods or services by a company during a specific period.

Credit

A journal entry that results in an increase in a liability or equity account or a reduction in an asset or expense account.

Overstated

Describing financial statements or figures that have been reported at a value higher than the true or fair value.

Understated

Describes when figures or values are represented in accounting records as less than their true or actual amount.