Once a Control Strategy Has Been Selected and Implemented,controls Should

question 92

Multiple Choice

Once a control strategy has been selected and implemented,controls should be ____ on an ongoing basis to determine their effectiveness and to estimate the remaining risk.

• A) budgeted
• B) updated
• C) monitored and measured
• D) evaluated and funded

---

Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specified period, indicating operational efficiency.

Short-Term Financing

The process of obtaining funds to cover immediate needs, typically for a period of less than one year.

Cash Inflow

The money entering a business or project from various sources, such as sales, investments, financing, and operations.

Business Plan

A detailed document outlining the goals, strategies, financial projections, and operational framework for a new business or business expansion.