Which of the Following Functions of Management Involves Setting Short

question 41

Multiple Choice

Which of the following functions of management involves setting short and long-term objectives and the tactics to achieve them?

• A)Planning
• B)Implementing
• C)Reviewing
• D)Control

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Definitions:

Financial Asset

A financial asset refers to any asset that is cash, a contractual right to receive cash or another financial asset from another entity, or a contractual right to exchange financial instruments with another entity under conditions that are potentially favorable.

Claim

A demand for something as due, often referring to a right to payment or other benefits.

Interest Rate Collar

A financial derivative strategy used to hedge interest rate movements by setting upper and lower limits on interest payments.

Variable Rate Loan

A loan where the interest rate can change over time, based on an underlying benchmark or index.