The investment decisions of many traders on Wall Street in the early 2000s led to the downfall of several investment companies, demonstrating that employee goals were not aligned with company goals.This indicates a failure of which basic managerial function?

Question

Quizplus · Accepted Answer

The situation describes a lack of alignment between employee actions and company objectives, which is a failure in the controlling function. Controlling involves monitoring performance and ensuring that company goals are being met.

The Investment Decisions of Many Traders on Wall Street in the Early