Final answer:
The correct answer is a) Percentage of repeat business. A financial control is a mechanism used by businesses to manage and monitor their financial performance. It helps ensure that financial goals are met, resources are used efficiently, and financial risks are minimized.
Step-by-step explanation:
The correct answer is a) Percentage of repeat business.
A financial control is a mechanism used by businesses to manage and monitor their financial performance. It helps ensure that financial goals are met, resources are used efficiently, and financial risks are minimized. Among the options listed, percentage of repeat business is not typically considered a financial control.
Percentage of repeat business is a measure of customer loyalty and satisfaction, rather than a direct financial control. It reflects the proportion of customers who choose to transact with a company repeatedly, indicating the success of the company in retaining its customer base. While it is an important metric for assessing the health of a business, it does not directly influence financial performance or the control of financial resources.
On the other hand, return on equity (ROE), return on assets (ROA), and cash flow are all financial controls used by businesses. Return on equity measures the profitability of a company in relation to the owners' investment. Return on assets measures the profitability of a company in relation to its total assets. And cash flow measures the inflow and outflow of cash within a business, providing insight into its liquidity and ability to meet financial obligations.