The Purpose of the Management Process Is

question 3

Multiple Choice

The purpose of the management process is

• A) to manage people.
• B) to make a profit
• C) to be the best that there is.
• D) to achieve organizational objectives.
• E) zero defects.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Fees Earned

Income generated from services provided, recognized in the period in which the services are rendered.

Billed

Issuing an invoice to customers for goods sold or services provided, indicating the amount they owe the business.

Unearned Subscription Revenue

Income received for subscriptions that have yet to be fulfilled or delivered to the customer, considered a liability until earned.