Selecting Goals and Ways to Attain Them Refers To

question 64

Multiple Choice

Selecting goals and ways to attain them refers to:

• A) controlling.
• B) planning.
• C) organizing.
• D) staffing.
• E) leading.

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Definitions:

Controllable Margin

Contribution margin less controllable fixed costs.

Controllable Fixed Costs

Fixed costs that management has the ability to influence or change in the short term.

Profit Center

A responsibility center that incurs costs and also generates revenues.

Average Operating Assets

The average value of the assets used in the normal operations of a business over a certain period, often used in evaluating the performance of investment centers.