Question

In: Accounting

Which of the following is being fulfilled when management compares the budget to actual? results? A....

Which of the following is being fulfilled when management compares the budget to actual? results?

A.

Planning

B.

Directing

C.

Controlling

D.

Adjusting

Solutions

Expert Solution

Correct answer is controlling

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Controlling is a process wherein management compares the actual results with the planned results.

Controlling consists of checking in the case of everything happens in conformities with the plans adopted, directions issued and standards set up. Controlling guarantees that there is compelling and productive usage of organizational resources in order to accomplish the planned goals. Controlling measures the deviation of genuine execution from the standard execution, finds the reasons for such deviations and aides in taking corrective activities.

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ekkarill92 answered 8 months ago
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