A Well-Designed Management Control System Uses Information from ________

question 23

Multiple Choice

A well-designed management control system uses information from ________.

• A) internal sources only as they are the most reliable sources of information
• B) external sources only as they are more dynamic and future oriented
• C) both internal and external sources as a wide range of information is required
• D) external sources only as they are the most reliable sources of information

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Definitions:

Vertical Change

A movement along the y-axis in a graph, which in economic terms can represent changes in price or quantity depending on the context.

Independent Variable

is a variable in an experiment or study that is manipulated by the researcher to observe its effect on the dependent variable, determining cause-and-effect relationships.

Dependent Variable

In statistics and research, it refers to the variable being tested and measured, assumed to depend on one or more independent variables.

Independent Variable

A variable in an experiment or study that is manipulated or changed to observe its effects on the dependent variable.