Question $48(10$ points$)$

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A controller, or comptroller, is responsible for overseeing financial statements like balance sheets, invoices, accounts payable and accounts receivable. Their duties include directing accounting managers and department operations, compiling financial reports based on financial statements and implementing policies and procedures for financial reporting.

Control refers to having sufficient amount of voting shares of a company to make all corporate decisions. Also known as "corporate control," this privileged position exists due to majority shareholder support or a dual$-$class shareholder structure, but can change through a takeover or proxy contest.

Control is the regulation of organizational activities so that some targeted elements of performance remain within acceptable limits$.$ Four key functions of control are detailed in this Principles of Management course. Identify which one of the following listings of these functions is correct?

Question $48$ options:

Smooth organizational kinks, adapt to environmental change, foster environmental stability, cope with organizational complexity.

Adapt to environmental change, limit the accumulation of error, cope with organizational complexity, and minimize costs.

Maximize profits, limit the accumulation of error, identify error prone operations, minimize costs.