Which of the following types of control is used for resources such as retained earnings?
A) Financial control
B) Structural control
C) Operating control
D) Interim control
E) Nonmonetary control

Question

Quizplus · Accepted Answer

Financial control is the control of financial resources as they flow into the organization (such as revenues and shareholder investments), are held by the organization (for example, working capital and retained earnings), and flow out of the organization (like pay and expenses).

Which of the Following Types of Control Is Used for Resources