CTE Exam Review- Business Mgt correctly answered to pass 2023

CTE Exam Review- Business Mgt correctly answered to pass 2023The controlling function of management involves - correct answer Evaluating and possible revising previous decisions The first step in management, and perhaps the most important management function is: - correct answer Planning Which of the following activities is not involved in the business decision making process? - correct answer Pension In the long-term planning process, increased profits, growth, and market share are typical of... - correct answer Strategic Objectives Which statement about budgets is TRUE? - correct answer -Budgets must be followed exactly as planned -A budget guarantees a certain amount of profit -Budgets state what will happen rather than what is expected to happen -Budgets can help in controlling a business (correct answer) Planning tools include such items as... - correct answer budgets, schedules, and policies what is the most valuable resources used in organizing function to accomplish strategic goals. - correct answer labor What is the type of organization in which all major planning and decision-making is done by a group of top managers in the business? - correct answer centralized Developing and using charts to show lines of authority is a part of what management function? - correct answer organizing