Wembley Company has set various goals, and management is now taking appropriate action to ensure that the ﬁrm achieves these goals.One such action is to reduce outlays for overhead, which have exceeded budgeted amounts.Which of the following functions best describes this process?
A)Decision making.
B)Planning.
C)Coordinating.
D)Controlling.
E)Organizing.

Question

Quizplus · Accepted Answer

This process of reducing outlays for overhead that have exceeded budgeted amounts falls under the function of controlling. Controlling involves monitoring performance, comparing it with goals, and taking corrective action as needed to ensure that goals are achieved. By reducing overhead costs that are over budget, management is taking corrective action to keep the company on track toward achieving its goals.

Wembley Company Has Set Various Goals, and Management Is Now