Financial statements are an example of what type of control?
A)projected control
B)feedback control
C)concurrent control
D)definitional control
E)feedforward control

Question

Quizplus · Accepted Answer

Financial statements are used to provide feedback control, as they provide information on the financial performance of a company over a particular period. This information is used to evaluate the effectiveness of the company's plans and strategies, and to make adjustments as necessary.

Financial Statements Are an Example of What Type of Control