After Hayworth Publishers realized that it was incurring losses, it set new objectives. These objectives were to increase revenues by at least five percent and reduce net losses by at least 80 percent. In this scenario, which of the following management functions is involved in setting these goals and helping the company meet them?
A) Controlling
B) Organizing
C) Planning
D) Leading

Question

Quizplus · Accepted Answer

Planning is the management function involved in setting goals and objectives for the organization and developing strategies to achieve them. In this scenario, Hayworth Publishers is setting new objectives to increase revenues and reduce net losses, which falls under the planning function. Controlling measures the actual performance against the set targets, organizing involves putting resources in place to achieve the objectives, and leading involves motivating and directing the employees towards the set goals.

After Hayworth Publishers Realized That It Was Incurring Losses, It