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9 Cards in this Set

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