Planning Is Often Called the Primary Management Function Because It

question 114

Multiple Choice

Planning is often called the primary management function because it ________.

• A)creates a unified vision for organizational members to work toward
• B)establishes the basis for all the other management functions
• C)sets the tone for the organization's culture
• D)is the most important management function overall

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Definitions:

Stockholders' Equity

The value of a company's assets minus its liabilities, representing the ownership interest of the shareholders.

Property, Plant, and Equipment

Property, Plant, and Equipment (PP&E) are tangible, long-term assets used in the operation of a business, not intended for resale.

Net Income

The amount of money that remains from revenues after all expenses, taxes, and costs have been subtracted; a measure of profitability.