The Managerial Functions of Planning and Controlling Include All of the Following

question 73

Multiple Choice

The managerial functions of planning and controlling include all of the following activities except:

• A) Setting objectives and goals for future performance.
• B) Monitoring the extent to which planned objectives are being achieved.
• C) Taking corrective action when actual results differ from the plan.
• D) Directing the work of employees.

---

Definitions:

Operating Strategy

A plan that outlines how a business will use its resources to achieve its objectives and maintain competitive advantage.

Corporate Strategy

An overall, long-term plan of action designed to achieve the core objectives and overarching goals of an entire organization.

Strategic Business Unit

A semi-autonomous unit within an organization that focuses on a specific market or product line, often with its own strategic direction.

Strategic Alliance

A cooperative agreement between two or more organizations to pursue a set of agreed upon objectives while remaining independent organizations.