Managers need useful information in order to make decisions, to plan and to control the company. Therefore, there are three main components to consider. Which of the following is not one of those options?

INTRODUCTION TO COST ACCOUNTING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Planning
B	Organising
C	Control
D	Decision Making

Explanation:

Detailed explanation-1: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.

Detailed explanation-2: -All managers want to make the best decisions. To do so, managers need to have the ideal resources-information, time, personnel, equipment, and supplies-and identify any limiting factors. Realistically, managers operate in an environment that normally doesn’t provide ideal resources.

Detailed explanation-3: -They were initially identified as five functions by Henri Fayol in the early 1900s. Over the years, Fayol’s functions were combined and reduced to the following four main functions of management: planning, organizing, leading, and controlling.

There is 1 question to complete.