Financial control involves the use of financial measures to assess organizational and management performance.

Name: Financial control involves the use of financial measures to assess organizational and management performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Financial control is the process of monitoring and managing an organization's financial resources to achieve its objectives effectively. Financial measures are used to evaluate the performance of an organization and its management. Therefore, the statement is true.

Financial Control Involves the Use of Financial Measures to Assess