Through Careful Monitoring of the Financial Budget of a Firm

question 98

Multiple Choice

Through careful monitoring of the financial budget of a firm, managers can detect potential problems in reaching their financial goals and take actions to reverse the problem. This is an example of the management function of

• A) planning.
• B) controlling.
• C) leading.
• D) organizing.
• E) budgeting.

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Definitions:

Members

Individuals or entities that are part of a group, organization, or body, often with certain rights and responsibilities.

Duties

Responsibilities or obligations of an individual, such as paying taxes or performing certain actions.

LLC Statutes

Legal regulations governing the formation, operation, and dissolution of Limited Liability Companies.

Mergers

The combination of two or more companies into a single legal entity, often to achieve greater efficiency or market share.