Which of the Following Is Not a Component of a Control

question 32

Multiple Choice

Which of the following is not a component of a control system?

• A)Statistical sampling
• B)Measures of actual performance
• C)Goals or standards
• D)Comparison of actual performance with standards or goals for corrective action if necessary

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Definitions:

Organizational Performance

The analysis of a company's performance as measured through indicators such as profitability, revenue, efficiency, and overall success in achieving its goals and objectives.

Promotion

The advancement of an employee within a company to a higher position, often accompanied by an increase in responsibility and pay.

Transfer

The act of moving assets, responsibilities, or employees from one place, position, or ownership to another within or between organizations.

Economic Turmoil

A state of significant instability and uncertainty within the economy, often characterized by rapid changes in market conditions, high unemployment, and financial instability.