Which of the Following Describes the Planning Function Within the Management

question 94

Multiple Choice

Which of the following describes the Planning function within the management cycle?

• A)Setting short and long-term objectives
• B)Comparing actual to budgeted results and taking corrective action
• C)Taking actions to implement the plan
• D)Arranging the necessary resources to carry out the plan

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Definitions:

Improprieties

Actions or behaviors that are inappropriate, unethical, or considered wrong.

Elements of Fraud

Factors that must be present to prove fraud, including misrepresentation of a material fact and intent to deceive.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Justifiable Reliance

A legal principle in contract law where a party can claim damages if they reasonably relied on the promises or representations of another party.