Once a Year Boy Scout Troops Submit Financial Reports Describing

question 65

Multiple Choice

Once a year Boy Scout troops submit financial reports describing income and expenditures.This is an example of ____ control.

• A) preliminary
• B) screening
• C) postaction
• D) cybernetic
• E) feedback

---

Definitions:

Taxable Income

The amount of income subject to tax, after deductions and exemptions.

Missed Dividend Payment

Occurs when a company does not make a scheduled dividend payment to its shareholders, often indicating financial difficulties.

Preferred Stock

A class of ownership in a corporation with a fixed dividend that is paid before any dividends are paid to common stockholders.

Cumulative

Describes something that increases in quantity, degree, or force by successive additions.