The Following Are Steps in the Control Process EXCEPT FOR

question 3

Multiple Choice

The following are steps in the control process EXCEPT FOR:

• A)comparing results with standards.
• B)measuring actual performance.
• C)developing standing plans.
• D)taking corrective action.

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Definitions:

Account Number

An account number is a unique identifier assigned to an account held by a bank, financial institution, or service provider to differentiate it from other accounts.

Assets

Assets are resources owned or controlled by a business, expected to produce economic value or future benefits.

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, or net worth in a company's balance sheet.

Credits

Credits refer to the accounting entries that can decrease assets or increase liabilities and equity on a company's balance sheet, opposite to debits.