All of the Following Are Reasons That Financial Control May

question 12

Multiple Choice

All of the following are reasons that financial control may be an ineffective scorecard EXCEPT that:

• A)it fails to identify the causes or drivers of performance.
• B)it focuses on financial measures while ignoring other important attributes of performance.
• C)it focuses on long-term rather than short-term performance measures.
• D)it is an aggregate,rather than a detailed measure of performance.

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Definitions:

Government Expenditures

The total amount spent by the government on various services, including healthcare, education, and infrastructure.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

Multiplier Effect

The proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.

Fiscal Policy

The manipulation of economic activity through fiscal policies involving spending and taxation by a government.