Examlex
If management wants to prevent problems, they should focus on_____________ controls.
Assets
Resources owned by a business or individual that are expected to provide future economic benefits.
Equity
The value of an ownership interest in property or a business, after deducting liabilities from assets.
Return on Sales Ratio
A financial ratio that measures the efficiency of a company in generating operating profit from its revenue.
Net Sales
The revenue a company earns from sales after subtracting the costs of returns, allowances for any damaged or missing items, and discounts.
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