The Person(s) Most Closely Associated with the 'Levers of Control

question 35

Multiple Choice

The person(s) most closely associated with the 'levers of control framework' that has informed study in the area of management accounting and control is:

• A) Simons
• B) Kaplan and Norton
• C) Otley
• D) Ittner and Larcker

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Definitions:

Acquisition

The process by which a company purchases most or all of another company's shares to gain control of that company.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Business Combination

A transaction or event in which an acquirer obtains control of one or more businesses.

Fair Market Value

An estimate of the price at which an asset or property would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.