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The managers of Comfort Clothing regularly compare actual profits with the firm's projected profits. When deviations occur, the managers use the feedback to take corrective action when necessary. The management of Comfort Clothing is exercising financial:______.
a. planning.
b. control.
c. derivatives.
d. budgeting.

Respuesta :

Answer:

A. Financial control

Explanation:

Financial controls refers to the  procedures, policies, and means by which an organization monitors and controls the direction, allocation, and usage of its financial resources.

A financial control implementation is done after carefully analyzing the existing policies and the projected outlook of the company.

Hence, the managers of comfort clothing using  feedback from comparison  between the regular profit and the projected profit to make decisions for the organisations can be referred to as Financial control