Which of the Following Is True About the Control Process

question 65

Multiple Choice

Which of the following is true about the control process?

• A)It is difficult to take corrective action when reasons for poor performance are identified.
• B)It is always easy to measure outputs and behavior.
• C)It is easy to measure outputs and behavior of complex, nonroutine activities.
• D)Realistic standards reduce the gap between actual performance and desired performance.

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Definitions:

Common Stock

A form of security signifying part ownership in a corporation, which entitles the owner to vote and receive a portion of the company's earnings via dividends.

Accounts Receivable

Refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Dividends

Payments made by a corporation to its shareholders from the earnings of the company.

Normal Credit Balance

Refers to the expected balance type (credit) for certain accounts in accounting, such as revenues, liabilities, and equity accounts.