Rafael Is Working on a Project Where He Needs to Anticipate

question 112

Multiple Choice

Rafael is working on a project where he needs to anticipate future events and conditions,as well as avoid costly mistakes.Rafael is engaged in the _____ managerial function.

• A)controlling
• B)planning
• C)organizing
• D)directing

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Definitions:

Simple Interest

Interest determined strictly on the base amount, or on the unpaid segment of that base amount.

Term Deposit

A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.

Principal

The original sum of money borrowed in a loan, or the amount of the investment itself.