The Four Functions of Management Are Planning, Leading, Organizing, and Controlling

question 18

True/False

The four functions of management are planning, leading, organizing, and controlling.

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Definitions:

Bonus

An additional compensation paid to employees as an incentive or reward beyond their regular salary or wages.

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay creditors and distribute any remaining assets to the shareholders.

Partnership Liabilities

Debts and obligations for which partners in a business partnership are mutually responsible.

Salaries

Employee pay based on a specified amount rather than an hourly rate.