Involves Setting the Organization's Vision,goals,and Objectives

question 65

Multiple Choice

involves setting the organization's vision,goals,and objectives.

• A)Directing
• B)Planning
• C)Organizing
• D)Controlling

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Definitions:

Normal Balance

The side of an account (debit or credit) that is expected to have a higher balance, based on accounting rules.

Owner's Drawings

Removal of funds or other valuables from a company by the proprietor for their personal benefit.

Cash

A form of liquid asset that represents immediately available funds for transaction, trade, and settling debts.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.