__________ Is a Planning Technique Which Is Also Useful in Control

question 64

Multiple Choice

__________ is a planning technique which is also useful in control as it is a means of identifying best practices

• A) Benchmarking
• B) Management by exception
• C) Progressive management control
• D) Feedback control
• E) Critical incident management

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Definitions:

Operating Activities

Day-to-day actions that relate directly to the production, sale, and delivery of a company’s products and services.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred incomes, and the change in working capital.

Direct Method

A way of presenting the cash flow statement where major classes of gross cash receipts and cash payments are disclosed, providing insight into specific cash flow activities.