The First Step of the Control Process in an Organizational

question 31

Multiple Choice

The first step of the control process in an organizational setting is ________.

• A) comparing performance to standard
• B) measuring performance
• C) establishing standards
• D) evaluating performance

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Definitions:

Return on Total Assets

Return on total assets (ROTA) is a financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues.

Beginning Total Assets

The total value of all assets owned by a company at the start of a financial period.

Ending Total Assets

Ending Total Assets refer to the total value of all assets owned by a company at the end of a financial reporting period.