Which Function Is Achieved When a Manager Is Determining Whether

question 4

Multiple Choice

Which function is achieved when a manager is determining whether planned goals are being met?

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

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Definitions:

Balance Sheet

An economic report that presents the value of a corporation’s assets, liabilities, and equity held by shareholders on a given date.

Periodic Inventory Method

An inventory accounting system where updates to the inventory accounts are made on a periodic basis, typically at the end of an accounting period.

Financial Statement(s)

Reports that summarize the financial performance and position of a business or entity.

Cost of Goods Sold

Direct expenses involved in the fabrication of goods a company markets, including costs for materials and labor.