Which of the Following Is an Example of a Financial

question 208

Multiple Choice

Which of the following is an example of a financial control that allows managers to compare different elements of a balance sheet and income statement to one another?

• A) Balance sheet
• B) Income statement
• C) External audit
• D) Return on assets computation
• E) Financial ratios

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Definitions:

Burdens of Proof

The obligation to prove allegations presented in a legal dispute.

Substantive Law

The part of law that governs the rights and duties of individuals and collective bodies, as opposed to procedural law which governs how those rights and duties are enforced.

Legal Rights

Entitlements or permissions granted to individuals by law, allowing them to take certain actions or to be treated in certain ways.

Obligations

Duties or responsibilities imposed by law, contract, or moral duty.