The First Step in Setting Up a Monitoring System Is

question 38

Multiple Choice

The first step in setting up a monitoring system is to __________.

• A)collect existing data to see what data is relevant and available
• B)collect every available piece of information so it can be analyzed
• C)use whatever information is available
• D)identify the key factors to be controlled

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Definitions:

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to reinvest in its core business or to pay debt.

Balance Sheet

A business statement that consolidates the assets, debts, and shareholder equity of a company at a certain point.

Net Income

The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but retained by the company for reinvestment or to pay off debt.