Match each term with its correct definition.
-The role managers play when they evaluate why results were different from expectations.
A)Organizational chart
B)Financial accounting
C)Line position
D)Managerial accounting
E)Planning
F)Directing
G)Controlling

Question

Quizplus · Accepted Answer

Controlling is the role managers play when they evaluate why results were different from expectations.

Answer: A
 Organizational chart is a diagram that shows the structure of an organization and the relationships among its positions/departments.

Answer: B
 Financial accounting is the process of recording, summarizing and reporting an organization's financial transactions to external users.

Answer: C
 Line position is a position within an organization that directly contributes to the achievement of the organization's goals.

Answer: D
 Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information to the managers of an organization to support internal decision-making.

Answer: E
 Planning is the process of setting objectives and determining the actions needed to achieve them.

Answer: F
 Directing is the role managers play in guiding and supervising employees to achieve organizational objectives.

Match Each Term with Its Correct Definition