Accounting 3050

Fill in the blanks using the following words:

Control, managerial accounting, planning, service firms, directing/leading, manufacturers, organizing, wholesalers, financial accounting, merchandisers, retailers

1. the types of merchandisers that sell exclusively to other businesses are called ______

2. all of the actions that managers must take to implement the plan is called _____

3. the type of organization that purchases raw materials from suppliers and uses them to create a finished product is called _____

4. a key function of management that involves monitoring actual results to see whether the objectives set in the planning stage are being met is ______

5. the type of organization that provides services to other businesses or consumers is known as _____

6. the types of merchandisers that sell to the general public are called______

7. the future oriented aspect of the management process that involves setting long term goals and objectives along with short term tactics necessary to achieve those goals is called__

8. a management function that involves arranging the necessary resources to carry out the plan is called _____

9. the type of organization that purchases goods and sells them to other businesses or consumers is called _______

10. the type of information used by external parties, such as investors, creditors, and regulators is called ____

11. the type of information used by internal business owners and managers is called _____