Which of the Following Statements Is True About the First

question 122

Multiple Choice

Which of the following statements is true about the first step of the control process?

• A) It involves the identification of key results that one wants to accomplish, by the performance objectives.
• B) It first involves the identification of the standards of measuring performance and then the identification of key results.
• C) It identifies the point where output standards and input standards are used to carefully document results.
• D) It involves relative comparisons that benchmark performance against that being achieved by other people, work units, or organizations.
• E) It focuses attention on substantial differences between actual and desired performance.

---

Definitions:

Cash Dividends

Money paid to shareholders by a corporation, typically a share of the company’s profits.

Aggregation

The process of combining multiple units or factors into a single group or total.

Net Working Capital

A financial metric indicating how well a company can fulfill its immediate financial liabilities, achieved by subtracting current liabilities from its current assets.

Aggregation

The process of combining multiple sets of data or items into a single group or total.