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Questions and Answers
Planning and controlling are two management functions that do not have any relationship with each other.
False
Long-term plans are not reflected in a company's business strategy.
False
Quantified plans, such as budgets and projected financial statements, are considered useless for monitoring performance.
False
If actual performance falls short of budgets or projections, management is considered not to be functioning properly.
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The controlling function in management plays a role in comparing budgets and projected financial statements with actual performance.
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Identifying reasons for not meeting projections focuses solely on management incompetence.
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Setting goals and identifying ways to achieve them is the main focus of management controlling.
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Short-term plans are not part of the process of management planning.
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