Walt Biggs Is General Manager at a Plumbing Contractor

question 47

Multiple Choice

Walt Biggs is general manager at a plumbing contractor.He is currently working on designing the procedures and policies the company will use as it schedules its employees on customer projects.Which one of the following managerial functions is Walt undertaking?

• A)planning
• B)organizing
• C)influencing
• D)controlling
• E)evaluating

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Definitions:

Realized Gain

The profit earned from the sale of an asset, which has been converted from an unrealized gain into actual cash or another form of payment.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Indirect Method

A financial reporting approach used to generate a statement of cash flows by adjusting net income for changes in non-cash account balances.

Declared

Often refers to the official announcement by a company's board of directors of a dividend or other corporate action.