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

The fourth function of management, controlling, monitors performance and implements necessary changes. By controlling, managers make sure the organization's resources are being used as planned and the organization is meeting its goals, including financial ones.

Through Careful Monitoring of the Financial Budgets of a Firm