The Design and Use of Management Con­trol Systems Uses Concepts

question 155

Multiple Choice

The design and use of management con­trol systems uses concepts from which of the following disciplines?

• A) demography
• B) economics
• C) trigonometry
• D) physics

---

Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Appreciate

The increase in value of an asset over time.

Canadian Dollar

The official currency of Canada, symbolized as CAD and often referred to as the "loonie."

Exchange Rates

The rate at which one currency can be exchanged for another, playing a critical role in international trade and finance.