Question

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


Related Solutions

1. Management is all of the following except: a. Constraining b. Planning c. Controlling d. Directing...
1. Management is all of the following except: a. Constraining b. Planning c. Controlling d. Directing 2. Another name for sales commissions is: a. overhead costs b. period costs. c. product costs. d. indirect labor. 3. In process costing, manufacturing overhead is debited to ____ when put into production. a. the Finished Goods Inventory account. b. Cost of Goods Sold. c. a Manufacturing Overhead account. d. a Work in Process account 4. Indirect labor is debited to a. manufacturing overhead....
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling...
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Respond to the following in a minimum of 175 words: Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the...
Identify and Describe the four functions of management. planning, organizing, Controlling/ Monitoring, and Leading. 
Identify and Describe the four functions of management. planning, organizing, Controlling/ Monitoring, and Leading. 
Describe the relationship between planning and the other general functions of management (organizing, controlling, and influencing)....
Describe the relationship between planning and the other general functions of management (organizing, controlling, and influencing). In your opinion, which of the four functions is most important?
The four management functions are planning, organizing, leading, and controlling. Think of a job you have...
The four management functions are planning, organizing, leading, and controlling. Think of a job you have now or one you have had in the past. List the managerial activities you have done or observed. If you have never had a paid job, remember that it takes management skills to manage a home, run a baseball team, and lead a church group. Classify each activity of your job according to whether it involved planning, organizing, leading, or controlling - there should...
How is planning related to controlling? In what ways is controlling part of the other management...
How is planning related to controlling? In what ways is controlling part of the other management functions?
Risk management functions and quality improvement functions in an organization can overlap in terms of addressing...
Risk management functions and quality improvement functions in an organization can overlap in terms of addressing patient safety. Using information from your own employer/organization's risk management plan, or that of an allied health care organization in your city or region, identify and summarize two such functions which commonly overlap in this manner. What common factors lead to the overlap? Does the structure work for the organization you selected? Why or why not?
Describe the functions of a Project Management Office (PMO) in an organization and the responsibilities of...
Describe the functions of a Project Management Office (PMO) in an organization and the responsibilities of a Project Review Committee (PRC). Why is it important to formalize these project-oriented operation? response 2-3 paragraphs in length, including at least one external citation. An external citation is research outside of the text or posted Powerpoints.
Select any one business organization (for-profit organization of your choice). What is the strategy used by...
Select any one business organization (for-profit organization of your choice). What is the strategy used by that organization? What is the mission of that organization? Choose Walmart. **please cite sources. Thank you**
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT