Which One of the Following Is NOT a Part of the Evaluation

question 43

Multiple Choice

Which one of the following is NOT a part of the evaluation and control of performance?

• A) Establish corporate strategies.
• B) Determine what to measure.
• C) Establish standards for performance.
• D) Measure actual performance.
• E) Take corrective actions.

---

Definitions:

Vertical Analysis

The presentation of a company’s financial statements in common-size form.

Horizontal Analysis

A side-by-side comparison of two or more years’ financial statements.

Acid-Test Ratio

A financial metric used to evaluate a company's ability to pay off its current liabilities without relying on the sale of inventory.

Dividend Payout Ratio

A financial metric that shows the portion of a company's earnings paid out to shareholders as dividends.