Reorganize the activities in the following sequences so that they match the four stages of the management
Question:
Reorganize the activities in the following sequences so that they match the four stages of the management process. Put “plan” activities first, followed by “do” activities, then “check” activities, and finally “adjust” activities.
a. Change objectives, complete products, set objectives, analyze results
b. Establish market price, put “sale” price on product, sell product, check sales figures
c. Reset production goals, make production plan, inventory products made, make products
d. Evaluate performance, assign objectives to managers, develop strategic plan, develop a new strategic plan
e. Complete financial statements, set financial reporting goals, complete analysis of performance shortfalls, change financial objectives
f. Set daily output goals, assign workers to activities, change work assignments, verify output achieved
g. Evaluate supplier performance, negotiate supplier agreements, accept materials from supplier, find a new supplier
Step by Step Answer:
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant