Wembley Company has set various goals, and management is now taking appropriate action to ensure that the firm achieves these goals. One such action is to reduce outlays for overhead, which have exceeded budgeted amounts. Which of the following functions best describes this process?
A. Decision making.
B. Organizing.
C. Coordinating.
D. Controlling.
E. Planning.
Answer: D
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Daniel is assessing his company's portfolio of products. One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market. If Daniel uses the BCG matrix, he would classify this product as a
A. star. B. cloud. C. question mark. D. cash cow. E. dog.
What is the second step in the negotiation process outlined in the text?
A. outlining goals and objectives B. setting ground rules and shaping expectations C. providing supporting evidence for positions D. write and sign a formal agreement
Scenario 7.2 Use the following to answer the questions. Precision Brake Company is a supplier of brake components to the manufacturers of lawn tractors and 4-wheel ATVs. It also sells its products to independent repair centers, dealers, and other wholesalers in Northeast and Southern states. Precision Brake has done research on the demand for lawn tractors and found that most manufacturers are in the states of Kentucky, Tennessee, and Alabama. Research also shows that most of the dealers who sell directly to individual consumers are in the Midwestern states, while dealers who sell to small business landscaping companies tend to be located in the Northeastern states. Company executives are considering expansion of its distribution to markets in the Midwest. Refer to Scenario 7.2. Given
the type of business market in which Precision Brake is currently operating, which group would it be least likely to sell to? A. Producers B. Governments C. Retailers D. Consumers E. Institutions
You place $1,000 in an account that pays 7.00% interest compounded continuously. You plan to hold the account exactly 3 years. Simultaneously, in another account you deposit money that earns 7.40% compounded semiannually. If the accounts are to have the same amount at the end of the 3 years, how much of an initial deposit do you need to make now in the account that pays 7.40% interest compounded semiannually? Do not round your intermediate calculations.
A. $1,150.77 B. $882.92 C. $992.04 D. $1,220.21 E. $744.03