Flashcards: 07 Basic Business Management Functions (1)
Two concise flashcards based on the saved summary and source material for business management functions and planning.
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Card 1 of 2
Q. What are the five commonly recognized managerial functions?
A. Planning, organizing, staffing, directing, and controlling.
Card 2 of 2
Q. What is the first step in the planning process?
A. Being aware of opportunities, which involves evaluating the organization’s current position, strengths, weaknesses, and future vision.