Which of the Following of Four Basic Levers of Control

question 47

Multiple Choice

Which of the following of four basic levers of control is most similar to traditional budgeting

• A)diagnostic control systems that are used to motivate and monitor.
• B)belief systems that inspire and direct.
• C)boundary systems that limit opportunism.
• D)interactive control systems that stimulate organisational learning.

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Definitions:

Cash Held

Physical money held by a business in its cash registers or cash box, used for daily operations.

Present Value

The present-day valuation of coming monetary sums or cash flow sequences, upon applying a defined rate of return.

Compounded Annually

The process wherein the interest earned on an investment is added to the principal each year, and in the subsequent year, interest is earned on this new principal.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities at a given time.