ECONOMICS

COST ACCOUNTING

INTRODUCTION TO COST ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Management activities that “set up the framework within which those activities are carried out that bring the many functional units of an enterprise into a coordinated structure and assign responsibility and authority to individuals” are called ____
A
Planning
B
Organizing
C
Controlling
D
Accountability
Explanation: 

Detailed explanation-1: -Explanation: Organising includes designating authority, grouping tasks into departments, assigning tasks, and distributing assets across the association.

Detailed explanation-2: -Planning. One main role of a manager is creating a plan to meet company goals and objectives. This involves allocating employee resources and delegating responsibilities, as well as setting realistic timelines and standards for completion.

Detailed explanation-3: -Organizing involves assigning authority and responsibility to various departments, allocating resources across the organization, and defining how the activities of groups and individuals will be coordinated.

Detailed explanation-4: -Organizing involves determining how activities and resources are to be assembled and coordinated. The organization can also be defined as an intentionally formalized structure of positions or roles for people to fill in an organization.

There is 1 question to complete.