Which of the following descriptions best matches the CONTROLLING responsibility of management?Group of answer choicesThe business systems make sure that staff can only give discounts up to 15%Management are considering where to open their next retail storeManagement review the bank statement to determine whether they have sufficient cash to pay liabilities

Which of the following descriptions best matches the CONTROLLING responsibility of management?Group of answer choicesManagement are reviewing staff performance for the year against goals set at the beginning of the yearIT have processes in place to make sure staff can only access the systems they need for their jobManagement are examining the market to determine what their product development strategy will be

Which of the following descriptions best matches the PLANNING responsibility of managementGroup of answer choicesManagement are meeting with the internal auditors to discuss the internal controlsManagement are meeting with the board to decide on the objectives for the yearManagement are reviewing the receivables turnover and days in receivables ratios

Which of the following descriptions best matches the EVALUATING responsibility of management?Group of answer choicesManagement compare employee performance against the Key Performance Indicators previously setManagement set Key Performance Indicators to encourage staff to act in the best interests of shareholdersManagement prepare a plan for goals they want to achieve over the year

The services provided by banks help businesses to control cash by meeting which of the following control objectives?Multiple ChoiceEstablish responsibilitySegregate dutiesRestrict accessImprest the system

Which of the following would not be considered a responsibility of operations managers?Multiple ChoiceSelecting process technologySecuring financing for a new production facilityInventory controlScheduling a workforce