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In: Accounting

55 What are the functions of management in an organization? Select one: a. Directing, controlling, and...

55 What are the functions of management in an organization? Select one: a. Directing, controlling, and decision making b. Planning, controlling, and decision making c. Directing, planning, and decision making d. Planning, directing, and controlling

Solutions

Expert Solution

answer:d.) planning , directing ,controlling

explanation

i)1) planning is the first function of any management in an organization

2) planning focus on the future needs and goals to be achieved

3) planning is helps in formulating policies, goals ,procedures programs ,schedules and budgets

4) it is the future course of an action .

5) it will gives you on clarity of the following questions

what to do

when to do

where to do

how to do

by whom to do etc

ii)1)directing is the also called leading

2)directing is the process of giving orders ,instructions ,guidelines to the subordinates and ensuring they are performed their job  as planned

3) directing also involve motivating and stimulating your employees towards the job or work

iii)1)controlling is the process of measuring the current performance of an employee and compare it to the target work

2) controlling process identifies the variance between the actual work performed and standards and taking the corrective action against the variance (unfavorable).

note: decision making is not a core function of the the management so the options of a) , b) ,and c) are not correct


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