An implementation of planning decisions and evaluating performance is classified as ___________?
Correct answer: A. control
- A. control
- B. evaluation
- C. deciding
- D. performing
Explanation
Control involves putting plans into action, comparing actual performance with planned results, and taking corrective measures when necessary. Evaluation is only one part of this broader control process.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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