Which of the Following Represents the Four Primary Functions of Management

question 62

Multiple Choice

Which of the following represents the four primary functions of management?

• A) organizing, controlling, accounting, and finance
• B) leading, planning, accounting, and finance
• C) controlling, planning, accounting, and finance
• D) planning, organizing, leading, and controlling

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Definitions:

Accrued Revenues

Income earned during an accounting period but not yet received or recorded at the statement date, representing future cash receipts.

Annual Depreciation

The amount of depreciation expense allocated for a fixed asset in one year, based on the asset's useful life and cost.

Prepaid Expense

An asset account that represents costs paid in advance for expenses that will be incurred within a future accounting period.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the ledgers.