Controls That Are Generally Used by Multinational Companies (MNCs)to Monitor

question 71

Multiple Choice

Controls that are generally used by multinational companies (MNCs) to monitor performance on a monthly basis are _____.

• A) direct
• B) indirect
• C) external
• D) internal

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Definitions:

Equipment

Durable physical assets used in operations, such as machinery and tools, which have a useful life longer than one accounting period.

Office Supplies

Consumable items used in offices for daily operations, such as paper, pens, and staplers, distinct from longer-term assets.

Accounts Payable

Liabilities of a company representing money owed to creditors for goods and services purchased on credit.

Cash

The most liquid form of financial assets, readily available for transactions or any immediate need.