POSDCORB Stands For

question 41

Multiple Choice

POSDCORB stands for:

• A) planning, organizing, staffing, disciplining, coordinating, reporting, and budgeting
• B) planning, organizing, staffing, directing, coordinating, reporting, and boundary spanning
• C) political maneuvering, organizing, staffing, disciplining, coordinating, reporting, and budgeting
• D) planning, organizing, staffing, directing, coordinating, reporting, and budgeting

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates and carries out its business transactions.

Fair Value

The market value of an asset or liability based on current prices in an active market.

Exchange Rates

The exchange rate determining the value of one currency in relation to another.

Goodwill Impairment

The decrease in value of a company's goodwill, indicating that the value of acquired assets has fallen below their book value.