________ Decisions Relate to Ensuring That Specific Organizational Tasks Are

question 21

Multiple Choice

________ decisions relate to ensuring that specific organizational tasks are carried out effectively and efficiently.

• A)Strategic planning
• B)Operational control
• C)Strategic control
• D)Tactical control
• E)Management control

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Definitions:

Inventory Shrinkage

The loss of products between purchase from supplier and sale to customer, often due to theft, damage, or errors.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Periodic Inventory System

An accounting method that determines inventory levels and cost of goods sold at the end of an accounting period through physical counting.

Purchases Discounts

Reductions in price given by suppliers on goods and services purchased, typically awarded for early payment.