A Managerial Principle Stating That Control Is Enhanced by Concentrating

question 82

Multiple Choice

A managerial principle stating that control is enhanced by concentrating on the exceptions or significant deviations from the expected result or standard is referred to as

• A)the principle of control.
• B)a management audit.
• C)management myopia.
• D)the principle of exception.
• E)control stages.

Learn how to prepare a post-closing trial balance and its significance.

Understand how to analyze and adjust accounts for accrued and deferred items.

Know how to prepare a statement of owner's equity.

Gain knowledge on how to identify accounts that need to be closed at the fiscal year-end.

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Definitions:

Beginnings

The initial phase or start of something, often marked by new opportunities, challenges, or the introduction of elements or ideas.

Endings

The conclusion or final part of something, such as an event, story, or process, often marking the cessation of activities or the achievement of a goal.

Bottoming Out

A point at which an individual reaches their lowest state, often leading to a moment of clarity or change.

Emotional Burden

The emotional stress or weight carried by an individual, often due to difficulties or hardships.