Question

In the history of controller’s functions, a controller was required to periodically issue financial statements.

True

False

When creating a mission statement, which of the following things should a company consider?

	A.	Product or product line
	B.	Company size
	C.	Research and development (R&D)
	D.	Both A and C

A strategic plan must contain the following elements:

	A.	A statement of purpose.
	B.	Actions to take.
	C.	Resources to use.
	D.	All of the above.

A controller has several distinct job functions. Which of the following is NOT one of those functions? A. Planning B. Directing C. Supervising D. Measuring

The word strategy means the way, or means, by which the company deploys its human and ___________ resources and its physical assets to achieve the business purpose.

	A.	operational
	B.	managerial
	C.	financial
	D.	strategic

Answer 1

1) True, In the history of controller’s functions, a controller was required to periodically issue financial statements.

Above Statement is true Because, Controller Function is accounting Operations, Periodic Financial Report,

Maintenance of Accounting Records etc.

2) The Answer is "D"

As per my opinion Product Line and R&D Consider in creating mission statement.

Because, Improve in Product line and Best in R&D for company progress.

3) The Answer is "D"

A statement of porpuse, Action to take and Resources to use are Part of Strategic Plan.

4) The Answer is "B"

Controller's job function is accounting Operations, Periodic Financial Report, Maintenance of Accounting Records,

Planning, Supervising and Measuring.

5) The Answer is "C"

The word strategy means the way, or means, by which the company deploys its human and Financial resources

and its physical assets to achieve the business purpose.