When Sam Noted That the Amount of Electricity Used in the Factory

question 90

Multiple Choice

When Sam noted that the amount of electricity used in the factory was 20 percent higher than expected for the year, he was involved in _____.

• A) planning
• B) organizing
• C) controlling
• D) directing

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Definitions:

Cross-sectional Analysis

A type of analysis that examines data collected at a single point in time across multiple subjects, variables, or segments.

Economic Activities

The actions that involve the production, distribution, and consumption of goods and services in an economy.

Return on Assets

A performance metric that measures the profitability of a company relative to its total assets.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.