Of the Four Functions That Make Up the Management Process

question 28

Multiple Choice

Of the four functions that make up the management process, __________ brings together the resources to turn plans into action.

• A) planning
• B) organizing
• C) leading
• D) controlling

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Definitions:

Inventory Turnover

An index that reveals the number of times a business's stock is sold and restocked during a specific period, showcasing how efficiently inventory is managed.

Total Current Assets

Assets of a company that are expected to be used or converted to cash within one year.

Debt/Equity Ratio

Determination of a firm's borrowing dependency, achieved by dividing its liabilities by its shareholder's equity.

Long-Term Debt

Long-term debt refers to loans and financial obligations lasting over one year that a company owes and is recorded on its balance sheet.