Celeste Spends Most of Her Time at Work Establishing Goals

question 47

Multiple Choice

Celeste spends most of her time at work establishing goals for her staff of fifty employees and developing procedures for various tasks.In which function of the management process does Celeste spend most of her time?

• A)planning
• B)organizing
• C)motivating
• D)staffing

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Definitions:

Year-End Inventory

The total counted value of inventory that a business owns at the end of its fiscal year, which is used to calculate cost of goods sold and profitability.

Weighted Average Cost

A method of calculating the cost of inventory based on the average cost of all similar goods available during a specific period.

Inventory Balance

The total value of all the goods that a company has in stock at a particular point in time.

Cost Of Goods Sold

The immediate expenses linked to the creation of a company’s sold products, encompassing costs associated with both materials and labor.