Of the Four Major Functions of a Manager,the Purpose of ________

question 9

Multiple Choice

Of the four major functions of a manager,the purpose of ________ at the most basic level is the attempt to bring order to the organization.

• A) directing
• B) organizing
• C) auditing
• D) feedback

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Definitions:

Lockbox Service

A banking service provided to companies for the reception of payment from customers, utilizing a special post office box to speed up the collection and processing of check payments.

Clearing Time

The time it takes for a payment or transaction to be processed and the funds to be cleared and settled.

Default Risk

The possibility that a borrower will be unable to make the required payments on their debt obligations.

Marketable Securities Portfolio

A collection of liquid financial instruments and securities that can be quickly converted into cash at a value close to the market rates.