Multiple Choice
Match the options below with the correct phrase:
-balance sheet
A) a relationship of two numbers
B) income - expenses = profit or loss
C) a budget that always must be justified from "square one"
D) a formal investigation conducted to determine if financial documents are correct and consistent with the organization's policies, rules, and procedures
E) treats employees as assets
F) details how each financial responsibility center will manage its cash
G) provides estimates of revenues and expenses for a given period of time
H) assets = liabilities + stockholders' equity
I) each financial responsibility center's financial plan
J) an organizational unit that contributes costs, revenues, profits, or investments
K) involves selecting two critical figures from a financial statement and expressing their relationship as a ratio or percentage
L) a feedforward control technique that
M) a person responsible for planning and overseeing managment of all risks
N) a disciplined process that focuses on developing near-perfect products
O) cash flow statement
P) designed to measure and monitor specific aspects of an organization
Q) an inventory control system that matches purchasing with need
Correct Answer:

Verified
Correct Answer:
Verified
Q82: Control costs must be measured against the
Q83: Controlling establishes performance standards that are used
Q84: Budgeting requires all of the following <b>
Q85: The accounting income statement "equation" is expressed
Q86: Match the options below with the correct
Q88: Managers that have to "start over" each
Q89: Income - Expenses = Profit or Loss
Q90: Match the options below with the correct
Q91: Controls do not have to be accepted
Q92: Critical control points are all the operations