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Vlad1618 [11]
4 years ago
14

There are four functions of management: planning, leading, organizing and controlling. The controlling function of management is

one of these four functions of management. Management is a process. This process includes four functions which include planning, organizing, leading, and controlling. While all four functions are critical when being an effective manager, this assignment focuses on the controlling function of management. Remember, the controlling function of management determines if the organization is on target to reach its goals.T/F
Business
1 answer:
Fantom [35]4 years ago
6 0

Answer: True

Explanation:

Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.

Proper control leads to achievement of organizational goals.

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Which of the following statements regarding changes in accounting principles is not true? Most changes in accounting principles
guajiro [1.7K]

Answer:

Most changes in accounting principles are only reported in current periods when the principle change takes place.

Explanation:

Accounting principle can be defined as a general guideline to be followed by accountants or financial institutions when they record and report their financial transactions.

A change in an accounting principle involves a change in an accounting method used.

For instance, an accountant switching between First In, First Out (FIFO) to Last In, First Out (LIFO) method of inventory valuation or by using another depreciation method.

Additionally, an accounting principle should only be changed, if it's applicable to the accounting framework being used such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Also, it is important to state in the footnotes of the financial statements a full disclosure to highlight the justification for the preferred change and financial implications of this change.

The following are true about the change in accounting principles;

1. Most changes in accounting principles are retroactively reported.

2. Changes in accounting principles are allowed when new principles are preferable to old ones.

3. Consistency is one of the biggest concerns when a change in accounting principle is undertaken.

8 0
3 years ago
All of the following would cause a shift in the aggregate supply curve except:________.
Helga [31]

Answer: a change in the price level.

Explanation:

A shift in the aggregate supply curve is caused by non-price changes such as real wages of the workers, tax, technological innovation, productivity level etc.

The change in price will only result in the movement along the supply curve, which is also referred to as the change in quantity supplied. A change in price will not cause a shift on the aggregate supply curve.

Therefore, option A is the correct answer.

6 0
3 years ago
On January 1, 2020, Tamarisk Co. leased a building to Carla Vista Inc. The relevant information related to the lease is as follo
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Answer:

martphones are a type of handheld computer that do not need input, output, processing, or storage.

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3 years ago
A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a
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3 years ago
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Profit motive and a sense of __________ act as powerful incentives for many entrepreneurs. A. power
dimaraw [331]
Is there anymore answers so i can help u? but i feel like it would be sense of humor.
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3 years ago
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