The Operational Control System Is Concerned with

question 92

Multiple Choice

The operational control system is concerned with

• A) investment decisions.
• B) what activities should be performed and assessing how well they are performed.
• C) consumption of productive resources by individual products.
• D) none of these.

---

Definitions:

Sole Proprietorship

An unincorporated business firm owned by one person.

Liability

Liability refers to legal financial debts or obligations that arise during the course of business operations, which an entity is responsible for settling.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Investment

Assigning monetary resources with the goal of achieving income or gains.