Controlling Is the Managerial Task That Involves

question 79

Multiple Choice

Controlling is the managerial task that involves

• A)deciding what organizational goals to pursue.
• B)obtaining customers by producing goods and services more cheaply than any competitor.
• C)taking any corrective actions needed to maintain or improve performance.
• D)using personality to establish equilibrium in the workplace.
• E)motivating people to perform at a high level.

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Definitions:

General Ledger

The main accounting record of a company which uses double-entry bookkeeping, consisting of all balance sheet and income statement accounts.

Sales Journal

A specific type of journal used to record the sales of goods or services on credit.

General Journal

An accounting ledger where all types of transactions are initially recorded before being transferred to specific accounts.

Subsidiary Ledger

A detailed ledger that contains account information relating to specific areas like accounts receivable or payable, supporting the general ledger.