A manager that is establishing objectives is performing which management
function?
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•
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Constraining
Controlling
Directing
Planning
Planning is a function that involves
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coordinating the accounting information system.
analyzing financial statements.
hiring the right people for a particular job.
setting goals and objectives for an entity.
Reports prepared in financial accounting are general-purpose reports,
whereas reports prepared in managerial accounting are usually specialpurpose reports.
True
False
Manufacturing costs that cannot be classified as direct materials or direct
labor are classified as manufacturing overhead.
True
False
Direct materials costs and indirect materials costs are manufacturing
overhead.
True
False