Through careful monitoring of the financial budgets of a firm,managers can detect potential problems in reaching their financial goals and take actions to reverse the problem.This is an example of the management function of
A)planning.
B)controlling.
C)leading.
D)organizing.
E)budgeting.

Question

Quizplus · Accepted Answer

This is an example of the management function of controlling, which involves monitoring performance and taking corrective action when necessary to meet the organization's goals. Budget monitoring is a key aspect of controlling because it allows managers to compare actual results to planned results and make adjustments if needed.

Through Careful Monitoring of the Financial Budgets of a Firm,managers