Which Is Not a Control Element to Measure Business Plan

question 10

Multiple Choice

Which is not a control element to measure business plan progress?

• A) Production control
• B) Disbursements
• C) Inventory control
• D) Customer control

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Definitions:

Freight-out Costs

Expenses associated with the delivery of merchandise from a seller to a buyer; also known as shipping costs or delivery expenses.

Inventory

Inventory represents the goods and materials a business holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.

LIFO Reserve

A contra-asset for the excess of FIFO over LIFO inventory.