Comparing Actual Results to Budgets Is an Example of the Management

question 110

Multiple Choice

Comparing actual results to budgets is an example of the management function of:

• A)controlling.
• B)decision-making.
• C)directing.
• D)planning.

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Definitions:

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

Mean

The average value of a set of numbers, indicating the central point of a data distribution.

Standard Normal

A normal distribution with a mean of zero and a standard deviation of one, used as the basis for z-scores in statistics.

Standard Deviation

A metric that calculates how much a dataset's values spread out or diverge from their average.