Controlling by _____ Is Most Commonly Used for the Entire

question 100

Multiple Choice

Controlling by _____ is most commonly used for the entire enterprise.

• A) profit and loss
• B) assets
• C) liabilities
• D) financial ratios
• E) expenses

---

Definitions:

Losses

Financial or material detriment experienced by an entity, often due to business operations or market conditions.

Principal's Business

The central activities or operations that a principal or company is engaged in or the focus area of its business.

Nonemployee Agents

Individuals or entities that act on behalf of a company but are not classified as employees, often for specific tasks or functions.

Corporate Officers

High-ranking executives appointed to manage an organization or corporation, such as CEOs, CFOs, and COOs, responsible for its day-to-day operations.