Controls That Focus on Desired Targets and Allow Managers to Use

question 75

Multiple Choice

Controls that focus on desired targets and allow managers to use their own methods for reaching defined targets are called __________ controls.

• A) process
• B) output
• C) turnout
• D) production
• E) methods

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Definitions:

Cash Recorded

The accounting entry that reflects the actual amount of cash received and recorded by a business during a specific period.

Revenue Journal

A revenue journal is a record used in accounting to keep track of the sales of goods and services that generate revenue for an entity.

Accounts Receivable

Funds that are due to a company from clients for products or services provided on credit.

Fees Earned

Revenue from providing services.