How do managers use controlling?
What will be an ideal response?
Controlling is about monitoring performance and making necessary changes in a timely manner. By controlling, managers make sure the organization's resources are being used as planned and the organization is meeting its goals for quality and safety.
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If the current ratio is 2.5 to 1, net income is $6,000, and current liabilities are $18,000, how much is working capital?
a. $ 6,000 b. $ 24,000 c. $ 27,000 d. $ 45,000
A materiality level where the auditor believes that the errors below that level would not, even when aggregated with all other misstatements, be material to the financial statements is often based on whether something is considered clearly trivial
a. True b. False Indicate whether the statement is true or false
Expert witnesses provide testimony to legislators for businesses or business groups.
Answer the following statement true (T) or false (F)
A rejection of an offer is not effective until ________.
A. it is actually received by the offeror B. it is mailed, postage paid, to the offeror C. the offeree informs his attorney to draw up the appropriate papers to reject D. the offeree files a petition of rejection with the state court