Planning and Controlling Are the Primary Functions of Management

question 77

True/False

Planning and controlling are the primary functions of management.

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Definitions:

Control Systems

Mechanisms or procedures implemented by management to ensure that organizational goals and objectives are achieved.

Regular Information

Data or facts that are routinely collected, processed, and used for analysis or decision making.

Management Accounting Systems

Systems used by businesses to provide managerial staff with financial data and analysis for decision-making.

Organisation's Strategy

The comprehensive plan and actions set by a business to achieve long-term goals and competitive advantage.