_________ Is Considered as the "Essence of Management

question 4

Multiple Choice

_________ is considered as the "essence of management".

• A)co-ordination.
• B)planning.
• C)staffing.
• D)directing.

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Definitions:

Valuation Consolidation

The process of combining the financial statements of separate subsidiaries or entities within a group to present as one entity for the purpose of valuation.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing in the production process.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair market value of its net assets, representing future economic benefits from unidentifiable assets.