The Basic Purpose of Control Is

question 159

Multiple Choice

The basic purpose of control is

• A) to cope with organizational complexity.
• B) to adapt to environmental changes.
• C) to minimize costs.
• D) to limit the accumulation of error.
• E) All of these choices

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Definitions:

Account

An arrangement with a financial institution for the deposit and withdrawal of money.

Double Your Money

A colloquial term referring to an investment strategy or opportunity that aims to increase the initial investment by 100%.

Rate of Interest

The percentage charged on the total amount that borrowers pay for loans or earn on deposits, over a period of time.

Years

A unit of time equivalent to 365 days, or 366 in a leap year, used as a standard time period for assessing annual phenomena.