What are the five elements in the management process?
A) plan, direct, update, lead, and supervise
B) accounting, finance, marketing, operations, and management
C) organize, plan, control, staff, and manage
D) plan, organize, staff, lead, and control
E) plan, lead, organize, manage, and control
D
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At the end of each year, the management team goes on a retreat to set goals and strategies for the upcoming year. The management team is engaging in which management function?
A. planning B. organizing C. leading D. controlling
The primary difference between a cash flow statement prepared using the indirect method and one prepared using the direct method is
a. the financing section is different. b. the investing section is different. c. the operating section is different. d. all three sections of the cash flow statement are different. e. the investing and financing sections are different.
An overstatement of ending merchandise inventory in the current period results in an understatement of cost of goods sold in the current period
Indicate whether the statement is true or false
Which of the following would NOT be heard in a federal court?
a. bankruptcy cases b. maritime cases c. domestic relations cases d. trademark cases e. tax cases