Financial statements are an example of ________ control.
A)feedback
B)concurrent
C)strategic
D)feedforward

Question

Quizplus · Accepted Answer

Financial statements are used to provide feedback on the financial performance of an organization over a specific period of time. They provide information on revenues, expenses, and profits, which are used by stakeholders to make decisions and evaluate the effectiveness of management's strategies. Therefore, financial statements are an example of feedback control.

Financial Statements Are an Example of ________ Control