Controlling, Which Is One of the Functions of the Managerial

question 16

Multiple Choice

Controlling, which is one of the functions of the managerial process, is __________.

• A) the process of preparing for the future by setting goals and objectives and developing courses of action for accomplishing them
• B) the process by which managers determine how the quality and the quantity of departmental systems and services can be improved, whether goals and objectives are accomplished, whether operations are consistent with plans, and whether officers follow departmental policies and procedures
• C) the process of arranging personnel and physical resources to carry out plans and accomplish goals and objectives
• D) the process of motivating others to perform various tasks that will contribute to the accomplishment of goals and objectives

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Definitions:

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with the level of production output, such as utilities or materials that vary with production volume.

Cash Collected

The total amount of money received by a business during a given period from transactions.

Cash Collections

The process of gathering all cash or cash equivalents received from customers or clients for goods sold or services provided.

Finished Goods Inventory

This represents the value of all the goods that are completed and ready for sale but have not been sold yet.