BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ACCOUNTING FOR MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Planning is a function that involves
A
Hiring the right people for a particular job
B
Coordinating the accounting information system
C
Setting goals and objectives for an entity
D
Analyzing financial statements
Explanation: 

Detailed explanation-1: -Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Organizing: is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.

Detailed explanation-2: -1.2 Planning Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals. The best alternative courses of action is then selected which will help the organization to achieve its objectives.

Detailed explanation-3: -Planning is the management function that involves setting goals and deciding how to best achieve them. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner.

Detailed explanation-4: -Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is considered to have been a prime mover in human evolution.

Detailed explanation-5: -The Planning Department plays an administrative role. The department staffs the project teams that develop the master plans, sector plans, and other planning efforts that ultimately become the basis and guiding documents to help shape the Regulating Plan discussions.

There is 1 question to complete.