The Four Functions of Management Are Planning, Organizing, Leading, and Controlling

question 17

Multiple Choice

The four functions of management are planning, organizing, leading, and controlling. Which function does not require financial competence?

• A) Planning
• B) Organizing
• C) Leading
• D) Controlling
• E) All four functions require financial competence

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and potentially a share in the company's profits through dividends.

Social Responsibility

The obligation of individuals, organizations, or businesses to act in a way that benefits society at large.

Larger Society

The extensive social environment encompassing various communities and cultures within which individuals and organizations operate.

Accountable

Being responsible for one's actions or decisions, often implying an obligation to report, explain, or justify something.