The Steps in the Control Process Are

question 42

Multiple Choice

The steps in the control process are:

• A)Measuring performance, comparing, evaluating actual performance, and taking corrective action
• B)Establishing standards, measuring performance, evaluating performance, and taking corrective action
• C)Establishing standards of performance, then measuring, comparing, and evaluating actual performance
• D)Establishing standards, evaluating performance, comparing, and taking corrective action
• E)Establishing standards, evaluating performance, measuring performance, and confirming appropriate standards

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional stock, rather than cash.

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business.

Book Value

The net value of a company's assets minus its liabilities, essentially the equity value as shown on the balance sheet.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.