The Correct Sequence in Which a Manager Should Accomplish the Four

question 176

Multiple Choice

The correct sequence in which a manager should accomplish the four basic management functions

• A) is planning−organizing−leading−controlling.
• B) is organizing−planning−leading−controlling.
• C) is organizing−leading−planning−controlling.
• D) is leading−controlling−organizing−planning.
• E) depends on the prevailing circumstances.

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Non-current Liability

A Non-current Liability is a financial obligation that a company does not expect to settle within the next twelve months from the reporting date.

Credit Balance

A situation where the total credits in an account exceed the total debits; it's common in liability, revenue, and equity accounts.

Risk Assessment

The process of identifying and evaluating potential risks that could negatively affect the achievement of objectives.