As a Manager Carries Out His or Her Functions, the First

question 152

True/False

As a manager carries out his or her functions, the first step is to control, the second is to organize, and the third is to plan.

---

Definitions:

APR

Annual Percentage Rate, a measure used to calculate the cost of borrowing or the yield from an investment, taking into account interest rates, fees, and loan terms.

Monthly Payment

The specific amount of money paid each month, typically used in the context of loans, that includes both principal and interest.

Principal

The balance, or amount of money, in an account, or amount borrowed.

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage of the principal.