Which of the Following Is a Characteristic of a Management

question 100

Multiple Choice

Which of the following is a characteristic of a management control system?

• A) It gathers key information that aids in the process of making decisions
• B) It encourages short-term profit planning
• C) Helps managers to act rapidly and with autonomy
• D) It deals with coordinating planning across the organization and is not concerned with behavioral aspects of managing

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Definitions:

Beginning Inventory

The quantity of goods in stock at the start of a financial period.

Average Inventory

The mean value of the inventory of goods held over a certain period of time, usually calculated by averaging the beginning and ending inventory of a given period.

Quarterly Inventories

An accounting practice where a company counts and records its inventory four times a year, typically at the end of each fiscal quarter.

Beginning Inventory

The recorded value of inventory held by a business at the start of an accounting period.