What Is the Final Step in the Management Process

question 19

Multiple Choice

What is the final step in the management process?

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

---

Definitions:

Working Capital

The gap between a business's present assets versus its current debts, showcasing the liquid funds for operational needs.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets, calculated as current assets divided by current liabilities.

Acid-Test Ratio

An economic indicator assessing the capability of a business to fulfill its immediate liabilities using its most liquid assets, without counting inventory.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers.