The Key to ________ Control Is Taking Managerial Action Before

question 39

Multiple Choice

The key to ________ control is taking managerial action before a problem occurs.

• A)concurrent
• B)timely
• C)progressive
• D)feedforward

---

Definitions:

Statement Of Financial Position

A financial report that displays a company's assets, liabilities, and equity at a specific point in time.

Unrealized Gains

Increases in the value of assets that a company holds which are not realized through a sale transaction.

Marketable Trading Investments

Securities that a company holds primarily for the purpose of trading and expects to sell in the short term to generate profit.