Which of the Following Management Responsibilities Are Being Fulfilled When

question 140

Multiple Choice

Which of the following management responsibilities are being fulfilled when management uses feedback to take corrective action on the budgets?

• A)Directing and planning
• B)Planning and decision-making
• C)Controlling and decision-making
• D)Planning and controlling

Understand and calculate accounts payable and receivable periods using sales and cost of goods sold data.

Determine the effectiveness of financial management strategies such as lines of credit and receivables financing.

Calculate the operating cycle and inventory turnover to assess company efficiency.

Understand how operational cycles, including collection and payment periods, affect company liquidity.

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Definitions:

Consumer's Awareness

refers to the degree to which consumers understand and have knowledge about products, brands, and the rights and duties of themselves as consumers.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Stimulus

Something that evokes a response or reaction, particularly in the context of sensory input, psychological processes, or behavioral conditioning.

Differential Threshold

is the smallest detectable difference between two sensory stimuli, indicating the minimum change needed for detection.