Controlling Which one of the following is a correct description of “controlling” in a management accounting context?

a. Deciding on the acquisition of long-term assets

b. The real-time, day-to-day management of a company’s business processes

c. Identifying a company’s mission and the goals flowing from that mission

d. Prioritizing the production potential of an organization through cost-volume-profit analysis

e. Communicating daily, weekly, and monthly goals