The concept used to solve this problem is Management process.
Management Process: It is the processing of setting goals by the management with the help of planning, organizing, controlling and leading activities. It is the responsibility of top management of an organization for carrying out this process. This process may also be referred as management system or process performance measurement.
Planning: It is one of the function of management process. In this process goals are set for the organization and it is decided how they can be achieved. Missions are selected, and objectives are set to achieve these goals.
Controlling: This process monitors the organization process which is essential in order to achieve the goals of the organization. Measuring, Comparing, correcting any deviation found in the organization activities in order to achieve the goal is the function of controlling.
Directing: It refers to setting the directions for a particular course of action in order to achieve the organization goals.
Supervision: It refers to the activity in which the work performed by other is being supervised in order to achieve the organization’s goals.
The system of management which sets the goals, by planning and organizing the business activity is referred as the management process. This process also helps in the measurement of performance of the business.
Planning and controlling are the basic phase in the management process because goals are set in the planning function of the management process and without setting the goals any other process cannot be performed.
Ans:Planning and Controlling are the basic phases of management process.
Which of the following are basic phases of the management process? a. Planning and controlling b....
PE 181A Management process Three phases of the management process are controlling, planning, and decision making. Match the following descriptions to the proper phase: Phase of management process: controlling, planning, Decision making, Description: A. monitoring the operating results of implemented plans and comparing the actual results with expected results B. Inherent in planning, directing, controlling, and improving C. Long-range course of action
The phases of the management process are listed below. Match each phase to the appropriate description Clear All Planning Used by managers for continuous improvement Directing Inherent in all management processes, management must continuually decide alternative actions Controlling Used by management to develop the organization's objectives and goals Improving Monitoring the operating results of implemented plans and comparing actual results to expected results Decision making Process by which managers run day-to-day operations
The five Project Management Process Groups are: Initiating, Planning, Executing, Monitoring and Controlling, and Closing. Planning, Checking, Directing, Monitoring, and Recording. Initiating. Executing, Monitoring, Evaluating, and Closing. O Planning, Executing, Directing, Closing, and Commissioning
QUESTION 39 The five Project Management Process Groups are as follow:s Initiating, Planning, Directing, Controlling and Monitoring, and Recording Initiating, Planning, Executing, Monitoring and Controlling, and Closing Initiating, Planning, Executing, Directing and Monitoring, and Closing Initiating, Executing, Monitoring, Monitoring and Evaluating, and Closing QUESTION 39 The five Project Management Process Groups are as follow:s Initiating, Planning, Directing, Controlling and Monitoring, and Recording Initiating, Planning, Executing, Monitoring and Controlling, and Closing Initiating, Planning, Executing, Directing and Monitoring, and Closing Initiating, Executing,...
1. Which of the following is an example of the management activity referred to as planning? a. Developing a strategy for disposing of hazardous waste. b. The decision to eliminate an unprofitable segment of an organization. c. The decision to outsource an organization's payroll processing. d. All of these are correct 2. Investigating production variances and adjusting the production process is an example of a. planning. b. controlling c. decision making. d. all of these 3. Assigning costs to cost...
1. The management process is defined by a. Planning b. Controlling c. Decision making d. All of the above e. None of the above 2. The organization that controls the certification of management accountants is the a. FASB b. SEC c. IMA d. AICPA e. None of the above 3. One of the differences between managerial and financial accounting is a. Financial accounting is oriented towards internal users b. Managerial accounting has to follow GAAS c. Managerial accounting is oriented...
Exercise #2: Conceptos Básicos de la Contabilidad Gerencial (Basic concepts of management accounting To which phase of the management process does each activity relate? (Planning, Controlling, Directing. Decision making. or Improving) Management compares the actual sales with the budgeted sales for the previous period b. After discovering a large amount of rework costs from the use of a cheaper material, the purchasing manager buys a higher quality material. c. Top management discusses ideas to develop a new product line, d....
Which management function deals with grouping tasks into departments? Leading Organizing Planning Controlling Submit Previous Previous Next
Instructions: Designate the best answer for each of the following questions. 1. A debit balance in the Manufacturing Overhead account at the end of an interim month means that a. the balance should be reported as an asset in the monthly balance sheet. b. corrective action by management is necessary. c. overhead has been underapplied d. cost of goods sold should be credited on the monthly income statement. 2. In a job order cost system, which of the following accounts...
Analyze and describe how the 4 functions of management (Planning, Organizing, Leading, Controlling) are applied at your place of work.