Controls Need to Be ________ Rather Than ________

question 116

Multiple Choice

Controls need to be ________ rather than ________.

• A) action-oriented; information-oriented
• B) cultural; political
• C) qualitative; quantitative
• D) measurable; timely
• E) universal; diverse

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Definitions:

Size Differences

Variations in the scale or magnitude of entities, often impacting operations, strategies, or market positioning.

EBIT

Stands for Earnings Before Interest and Taxes, and is an indicator of a company's profitability excluding interest and tax expenses.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically expressed as an annual rate.