Two Qualities of an Effective Control System Are

question 23

Multiple Choice

Two qualities of an effective control system are

• A) flexibility and corrective action
• B) evaluation and standards
• C) quality of employees' performance
• D) speed and quality

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Definitions:

Traditional Capital Expenditure Analysis

A financial assessment method that evaluates the profitability or cost-effectiveness of long-term investment projects.

Hurdle Rates

The minimum acceptable rate of return on an investment that a manager or company is willing to accept before starting a project.

Carrying Amount

The book value of an asset as recorded in the accounting records, considering any depreciation or amortization.

Tax Purposes

The rationale or basis for certain financial decisions or calculations made in compliance with tax laws.