The Theory of POSDCORB,an Acronym For

question 30

Multiple Choice

The theory of POSDCORB,an acronym for:

• A) Planning, organizing, staffing, detection, coordinating, reporting, and budgeting
• B) Planning, organizing, staffing, directing, coordinating, reporting, and budgeting
• C) Planning, organizing, staffing, directing, contrasting, requesting, and budgeting
• D) Planning, observing, staffing, directing, coordinating, reporting, and budgeting

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Definitions:

Partnership Accounting

The process of managing and recording the financial activities, transactions, and interests of partners within a business partnership.

Drawing Account

An account that tracks the money or goods withdrawn from a business by its owners for personal use.

Capital Account

A financial statement that shows the changes in ownership interest of a company over a period.

Noncumulative

Pertains to dividends or other rights that do not accumulate if not paid or exercised in the period they are due.