The basic managerial functions that help managers ensure that enough cash is available to run the business is the function of
A)Planning
B)Controlling
C)Evaluation
D)Decision making

Question

Quizplus · Accepted Answer

Cash management is an essential element of financial management for any business. Planning is the best option because managers must develop and implement strategies for managing cash inflows and outflows effectively. Through planning, managers can identify potential cash shortages, determine cash requirements, and establish appropriate policies and procedures to manage cash. By planning effectively, managers can ensure that the business always has sufficient cash on hand to meet its obligations and invest in future growth. Controlling, evaluation, and decision-making are also crucial managerial functions, but they are not as directly related to managing cash flow as planning.

The Basic Managerial Functions That Help Managers Ensure That Enough