The means of collecting and using information, to coordinate decision and planning through an organization are termed as _____________?
Correct answer: D. management control systems
- A. customer control system
- B. business control system
- C. financial control system
- D. management control systems
Explanation
A management control system collects and uses information to coordinate planning, decisions, and activities across an organization. The other control systems are narrower and do not cover organization-wide management coordination.
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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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