Which One of the Following Is True Concerning the Managerial

question 58

Multiple Choice

Which one of the following is true concerning the managerial function of controlling?

• A)It includes performance evaluation by management.
• B)It is concerned mainly with operating a manufacturing segment.
• C)It is performed only by the controller of a company.
• D)It includes hiring and training employees.

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Definitions:

Total Liabilities

Represents the combined debts and obligations that a company owes to outside parties at a specific point in time.

Asset

Any resource owned or controlled by a business or an individual that is expected to produce future economic value.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership equity spread among stockholders.

Liabilities

Financial obligations or debts owed by a company to external parties or individuals.