The Company's Management Programs Are Another Major ________________ Control Tools

question 48

Multiple Choice

The company's management programs are another major ________________ control tools.

• A) informal
• B) formal
• C) simple
• D) dynamic
• E) complex

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Definitions:

Present Value

The current financial valuation of a sum of money due in the future or stream of income, based on a specific interest rate.

Future Value

The worth of an investment or cash flow at a specified future date, based on an assumed rate of growth over time.

Opportunity Cost

Opportunity cost refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Resource

In finance, a resource refers to any financial asset or input that can contribute to a firm's ability to create goods, services, or further financial gains.