Comparing Actual Results to Budgets Is an Example of Which

question 109

Multiple Choice

Comparing actual results to budgets is an example of which of the following management functions?

• A)Analyzing
• B)Planning
• C)Controlling
• D)Directing

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Definitions:

Federal Tax Law

Legislation that governs the collection and regulation of taxes at the national level in the United States, including income, corporate, and sales taxes.

Gross Income

The total income earned by an individual or business before any deductions or taxes are taken out.

Ordinary Prudent Person

A legal standard used to determine the level of care that a typical, reasonable person would exercise in a given situation, for purposes of establishing negligence or compliance.

Contractual Duties

Obligations that a party is bound to fulfill as per the terms of a contract.