Malik Is a Manager at Boardwalk Inc

question 34

Multiple Choice

Malik is a manager at Boardwalk Inc.He develops plans for the company based on its objectives and proceeds to organize by dividing tasks among employees.In the context of the four basic managerial functions,which of the following should be Malik's immediate step?

• A)Translating the company's vision into a mission statement
• B)Guiding and motivating employees to accomplish the company's objectives
• C)Guiding the near-term activities required to implement overall strategies
• D)Comparing the company's actual performance with the established standards

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Definitions:

Initial Value Method

An accounting approach for investments, where the investment is recorded at its acquisition cost without reflecting changes in its underlying value over time.

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.

Inventory Transfers

The movement of inventory from one location to another within the same organization, often for the purpose of optimizing stock levels across different locations.

Effective Income Tax Rate

The average percentage of their income that individuals or corporations pay in taxes, considering various deductions and exemptions.