Question

___________ refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses.

A. Factor analysis
B. Forecasting
C. Financial planning
D. Financial control

Answer 1

Financial control refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses. It helps companies maintain financial stability and make informed decisions.

Step-by-step explanation:

Financial control refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses. It involves monitoring and analyzing financial data to ensure that a company's actual performance aligns with its planned performance. By identifying and addressing these variances, financial control helps companies maintain financial stability and make informed decisions.