Which Description Identifies the Organizing Function of the Management Process

question 64

Multiple Choice

Which description identifies the organizing function of the management process?

• A) Guiding and motivating employees to meet organizational objectives
• B) Determining how best to arrange an organization's resources into a coherent structure
• C) Scanning the business environment for threats and opportunities
• D) Monitoring an organization's performance to ensure that it is meeting its goals
• E) Determining what an organization needs to do and how best to get it done

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Unadjusted Trial Balance

A list of all the accounts and their balances from the general ledger before any adjusting entries are made.

Gross Profit

The difference between sales and the cost of goods sold.

Periodic Inventory Method

An accounting approach where inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory levels.