HW4 (Questionaire) - Valerie Bodden K. (10-0014) Cost...

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Cost Accounting January 27, 2011 Homework 1. Describe the three major activities of a manager. Three of the major activities managers do are : planning, directing and motivating, and controlling. The first stage of these activities, planning, is basically to chose out of all of the things one can do, the best one for the organization, the one that would have a positive impact upon it and then creating a budget of the chosen idea. Secondly, directing and motivating consists of checking the day-to-day activities in order to make sure everything is going as intended. Last, but not least, is controlling, which is basically to gather all of the feedback that is been given as time passes and check if it is according to what the original plan was, as well as checking up on budgets and so forth. 2. What are the four steps in the planning and control cycle? 1. Select the idea and create a formal plan including budget 2. Check the day-to-day activities that occur throughout the enterprise to make sure everything is going according to planned. 3. Check with feedback and performance reports to know if things are going as
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HW4 (Questionaire) - Valerie Bodden K. (10-0014) Cost...

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