The Manager Has to Decide What Tasks Are Needed and How

question 68

Multiple Choice

The manager has to decide what tasks are needed and how they should be accomplished. This statement describes

• A)the organization chart.
• B)planning.
• C)organizing.
• D)none of these.

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Definitions:

Supplies Account

An account used to track the costs of supplies that have not been consumed by the end of an accounting period.

Operating Expenses

Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll.

Operating Income

The profitability from a company's core business operations, excluding deductions of interest and taxes.

Net Profit Margin Ratio

A financial performance metric that calculates the percentage of net income to revenue, indicating how much profit a company generates from its revenues.