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