Asked by Mikey Grauso on May 22, 2024
Verified
The management cycle proceeds in what order?
A) Planning, implementation, control
B) Control, implementation, planning
C) Implementation, planning, control
D) Implementation, control, planning
Management Cycle
A series of business activities and processes that managers use to plan, lead, organize, and control operations.
Implementation Phase
The stage in a project or a business plan where strategies are put into action and operational activities commence.
- Acquire an understanding of the basic concepts in managerial accounting.
Verified Answer
FS
Felicia SmithMay 24, 2024
Final Answer :
A
Explanation :
The management cycle typically proceeds in the following order: planning, implementation, and control. Planning involves identifying goals, assessing resources, and developing strategies for achieving the desired outcomes. Implementation involves executing the plan and putting the resources into action. Control involves monitoring progress, identifying variances from the plan, and making adjustments as necessary to ensure that goals are achieved. Therefore, option A is the correct answer.
Learning Objectives
- Acquire an understanding of the basic concepts in managerial accounting.
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