Which of the Following Activities Is Part of the Planning

question 29

Multiple Choice

Which of the following activities is part of the planning function of management?

• A) Assigning a particular worker to do a specific task
• B) Looking at market forecasts to identify future business opportunities and challenges
• C) Praising a sales representative who has far exceeded her monthly sales objectives
• D) Conducting a job interview with a potential new employee

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Definitions:

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Assets

Resources owned by a business or individual, which have economic value and can provide future benefits, such as cash, inventory, and property.

Liabilities

Financial obligations or debts a company or individual owes to others, which must be settled over time.

Federal Tax Requirements

The obligations set by the federal government regarding the filing and payment of taxes by individuals, businesses, and other entities.