When Management Uses Feedback to Take Corrective Action on the Budgets

question 187

Multiple Choice

When management uses feedback to take corrective action on the budgets, which of the following management responsibilities are being fulfilled?

• A)Controlling
• B)Adjusting
• C)Directing
• D)Planning

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Definitions:

Successful

The achievement of set goals or objectives, often marked by a sense of accomplishment and recognition.

Social Network

A platform or structure made up of individuals or organizations that are interconnected through various forms of relationships, such as friendships, kinship, common interests, or economic exchanges.

Exchanges

Transactions or interactions between parties where goods, services, information, or money are traded, foundational to market activity and social relations.

Resources

Various types of assets, such as time, money, and materials, that can be used to achieve goals or fulfill needs.