In: Accounting
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
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