Control Is Defined as

question 16

Multiple Choice

Control is defined as

• A)the function that concentrates on the significant deviations from the expected result or standard.
• B)an itemized financial statement of the income and expenses of a company's operations.
• C)valid performance standards that are expressed in quantitative terms.
• D)the manipulation of information or the reporting of false performance data to beat the system.
• E)any process that directs the activities of individuals toward the achievement of organizational goals.

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Definitions:

Differential Analysis

The process of comparing the financial differences between alternative business decisions or scenarios, focusing on costs and benefits that change between options.

Differential Cost

The difference in cost between two alternative decisions or changes in output levels.

Differential Cost

The difference in cost between two business decisions, focusing on how costs change under different alternatives.

Product Cost Method

A cost-plus method of price setting in which only the costs of manufacturing the product are included in the cost amount to which the markup is added.