The transfer and understanding of
Transfer means the message was received in a
form that can be interpreted by the receiver.
Understanding the message is not the same as
the receiver agreeing with the message.
Communication occurs in various sett
The process of monitoring activities to
ensure that they are being accomplished as
planned and of correcting any significant
THE PURPOSE OF CONTROL
To ensure that activities are completed in
ways that lead to accomplishment of
The formal arrangement of jobs within an organization.
A process involving decisions about six key elements:
Chain of command
Span of control
AS A RESULT OF HIGHLY INTENSIVE AND
SOMETIMES CHAOTIC COMPETITIVE
BUSINESS ENVIRONMENT, COMPANIES
FOUND THEMSELVES IN A SITUATION THAT
REQUIRES THEM TO RECONSIDER WHAT
THEY DO, WHY AND HOW THEY OPERATE
IN ORDER TO SUSTAIN THEIR ECONOMIC
1. What is the direction
of the organization ?
2. How shall the
its goals ?
Planning is the process of
determining how the organization
can get where it wants to go, and
Financial Management: Principles and Applications, 11e (Titman)
Chapter 1 Getting Started-Principles of Finance
1.1 Finance: An Overview
1) Which of the following statements best represents what finance is about?
A) How political, social, and economic for