Boris Beckman Is a Maintenance Coordinator for XYZ Widgets

question 54

Multiple Choice

Boris Beckman is a maintenance coordinator for XYZ Widgets. He has recently been assigned the task of analyzing the working relationships that exist between management and employees at XYZ. Which of the following functions will the tasks he is currently completing be covered under?

• A) Planning
• B) Organizing
• C) Influencing
• D) Evaluating
• E) Controlling

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Definitions:

Accrued

Describes expenses or revenues that have been incurred but not yet recorded through a payment or receipt, reflecting in accounts payable or receivable.

Deferred

Refers to items or transactions that have been postponed or delayed to a future date.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid out, respectively.

Accrual Basis

A financial recording technique that documents income and costs at the time they are generated or incurred, without consideration of when the actual cash transaction occurs.