According to the Control Model, After Establishing Standards of Performance

question 67

Multiple Choice

According to the control model, after establishing standards of performance the manager should:

• A) compare performance to standards.
• B) get the standards approved by the supervisors and subordinates.
• C) measure actual performance.
• D) take corrective action.
• E) provide feedback.

Interpret the impact of changes in current assets and liabilities on cash flows.

Recognize the treatment of non-cash transactions in the statement of cash flows.

Evaluate the financial health and performance through analysis of the statement of cash flows.

Understand how dividends and interest affect cash flows and their classification.