The managers of Dakota Clothing regularly compare their actual profits with the firm's projected profits. When deviations occur, the managers use the feedback to take corrective action when necessary. The management of Dakota Clothing is exercising financial:

Question

Quizplus · Accepted Answer

The scenario describes the use of feedback to take corrective action, which is a key aspect of financial control. The other options, including derivatives, planning, and budgeting, are not specifically mentioned as being used in this scenario.

The Managers of Dakota Clothing Regularly Compare Their Actual Profits