The concept of _____ includes both the power, or capacity, to direct the strategic, operating, investing, and financing activities of another entity, and the ability to benefit from increases in the value of the other entity and to incur losses from decreases in value.
A)ownership
B)management
C)significant influence
D)control
E)state governance

Question

Quizplus · Accepted Answer

The concept of control includes both the power to direct the strategic, operating, investing, and financing activities of another entity and the ability to benefit from increases in the value of the other entity and to incur losses from decreases in value. Ownership refers to holding legal title to an asset, management involves leading and directing the day-to-day operations of a business, significant influence is a level of influence that is less than control but still allows for significant involvement in decision-making, and state governance refers to the political system of a state.

The Concept of _____ Includes Both the Power, or Capacity