Leighton Wood Is a Manager at the XYZ Company

question 11

Multiple Choice

Leighton Wood is a manager at the XYZ Company.He performs all the management functions as condensed from Henri Fayol's work) Mr Wood estimates an overall strategy for achieving his department's goals,he is performing the ________ function.

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

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Definitions:

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.

Absorption Costing

An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product.

Net Operating Income

A firm's income after deducting operating costs, not including taxes and interest.

Operating Loss

A situation where a company's operating expenses exceed its revenues, indicating that it is not currently profitable.