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 ________ function of management.
A)planning
B)controlling
C)leading
D)organizing
E)staffing

Question

Quizplus · Accepted Answer

The controlling function of management involves monitoring performance and making necessary adjustments to ensure that goals are being met. In this scenario, the managers are monitoring financial budgets and taking actions to reverse any potential problems in reaching their financial goals.

Through Careful Monitoring of the Financial Budgets of a Firm