152.The phases of the management process are listed below. Match each phase to the appropriate description. Planning Directing Controlling Improving Decision making a)Used by managers...

152.The phases of the management process are listed below. Match each phase to the appropriate description.

Planning

Directing

Controlling

Improving

Decision making

a)Used by managers for continuous improvement

b)Managers must decide how to respond to unfavorable performances

c) Used by management to develop the organization’s objectives and goals

d)Monitoring the operating results of implemented plans and comparing actual results to expected results

e)Process by which managers run day-to-day operations

154.Differentiate between financial and managerial accounting, addressing such issues as users, nature of information,guidelines for preparation, timeliness and focus of reporting.

155. Differentiate between a line department and a staff department.?