Preparing Budgets Is an Example of Which of the Following

question 133

Multiple Choice

Preparing budgets is an example of which of the following management functions?

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

---

Definitions:

OPEC Cartel

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies and prices of petroleum.

World Supply

The total amount of a particular good or service that is available for purchase on the global market.

Quadrupled

To increase or be increased fourfold, a term often used in finance, demography, and general quantitative analysis to describe significant growth or expansion.

Market Power

The ability of a company or entity to influence the price and output levels in a market.