Which of the Following Best Describes Controlling

question 27

Multiple Choice

Which of the following best describes controlling?

• A) The process of deciding where an individual should go and how to best go about it
• B) The process of inspiring people to best utilize the resources
• C) The process of bringing people and material resources together in working combinations
• D) The process of setting directions and allocating resources
• E) The process of measuring performance and taking action to ensure desired results

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Definitions:

Double Taxation

The taxation of the same income or financial transaction at two different levels, such as corporate profits and then again as dividends to shareholders.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, offering limited liability protection to its shareholders, and is capable of owning property, entering into contracts, and being taxed.

Income Taxes

Taxes imposed by the government on the income earned by individuals and corporations.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.