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9 Cards in this Set
- Front
- Back
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planning
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involves selecting a course of action and specifying how the action will be implemented
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directing and motivating
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involves mobilizing people to carry out plans an drun routine operations
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controlling
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involves ensuring that the plan is actually carried out and is appropriately modified as circumstances change
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budgets
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a detailed plna for the future, usually expressed in fromal quantitative terms
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budgets
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a detailed plan for the future, usually expressed in formal quantitative terms
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controller
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who is the manager in charge of the Accounting Department
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control
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managers seek to ensure that the plna is being followed
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feedback
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which signals whether operations are on track,is the key to effective control
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planning and control cycle
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illustrates the smooth flow of management activities from planning through directing and motivating, controlling, and then back to planning again
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